Lennox International, Inc. (NYSE:LII) Stock Has Average Target Price of $444.85

Shares of Lennox International, Inc. (NYSE:LII) have received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $444.85.

Several brokerages recently weighed in on LII. Wells Fargo & Company dropped their target price on Lennox International from $424.00 to $355.00 and set an “equal weight” rating for the company in a report on Thursday, October 29th. Mizuho set a $350.00 price target on shares of Lennox International in a report on Thursday, October 29th. Royal Bank Of Canada dropped their target price on shares of Lennox International from $406.00 to $378.00 and set a “sector perform” rating for the company in a report on Thursday, October 29th. Oppenheimer downgraded Lennox International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Finally, Weiss Ratings lowered Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Lennox International during the second quarter valued at approximately $1,704,846,000. Beacon Pointe Advisors LLC bought a new position in Lennox International during the 2nd quarter valued at approximately $239,217,000. Bank of America Corp DE purchased a new position in Lennox International during the second quarter valued at $196,075,000. Deutsche Bank AG bought a new stake in Lennox International in the second quarter worth $159,181,000. Finally, Bank of New York Mellon Corp bought a new stake in Lennox International in the second quarter worth $109,955,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Stock Performance

NYSE:LII opened at $349.33 on Friday. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.00 and a beta of 1.19. The business has a 50 day moving average of $364.79 and a 200 day moving average of $468.58. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57. Lennox International has a 1-year low of $322.00 and a 1-year high of $587.27.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm posted $6.98 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that Lennox International will post 21.39 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.6%. Lennox International’s payout ratio is presently 25.24%.

About Lennox International

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.