Robert W. Baird Increases Lennox International (NYSE:LII) Price Target to $656.00

Lennox International (NYSE:LII) had its price objective lifted by Robert W. Baird from $648.00 to $656.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 7.70% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Barclays lifted their target price on shares of Lennox International from $550.00 to $575.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Stephens reiterated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. Royal Bank of Canada boosted their price target on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $583.92.

Lennox International Price Performance

Shares of NYSE LII opened at $609.08 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average price is $592.28 and its two-hundred day moving average price is $543.62. The company has a market cap of $21.70 billion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. Lennox International has a twelve month low of $348.79 and a twelve month high of $627.46.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $5.37 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts predict that Lennox International will post 20.38 EPS for the current year.

Insider Buying and Selling at Lennox International

In other news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Lennox International news, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the transaction, the director now owns 8,411 shares in the company, valued at $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,308 shares of company stock valued at $6,563,103 in the last ninety days. 10.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lennox International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its position in Lennox International by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. L & S Advisors Inc boosted its holdings in shares of Lennox International by 0.8% during the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after acquiring an additional 40 shares in the last quarter. Argent Trust Co grew its position in Lennox International by 6.6% during the 2nd quarter. Argent Trust Co now owns 665 shares of the construction company’s stock worth $356,000 after acquiring an additional 41 shares during the last quarter. Innealta Capital LLC acquired a new position in Lennox International in the 2nd quarter worth about $33,000. Finally, Toronto Dominion Bank raised its position in Lennox International by 2.2% in the second quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock valued at $1,669,000 after purchasing an additional 66 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.