Lennox International (NYSE:LII) Price Target Cut to $450.00 by Analysts at Morgan Stanley

Lennox International (NYSE:LII) had its price objective lowered by Morgan Stanley from $585.00 to $450.00 in a research report sent to investors on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Mizuho cut Lennox International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Lennox International from $565.00 to $455.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Stephens reissued an “overweight” rating and issued a $750.00 price objective on shares of Lennox International in a research report on Friday, March 7th. Royal Bank of Canada upped their price objective on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Finally, Oppenheimer upgraded Lennox International from a “market perform” rating to an “outperform” rating and set a $600.00 price target on the stock in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International has an average rating of “Hold” and a consensus price target of $577.00.

Lennox International Stock Up 2.8 %

Shares of NYSE LII opened at $522.80 on Thursday. Lennox International has a 52-week low of $445.63 and a 52-week high of $682.50. The firm has a market capitalization of $18.56 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.36 and a beta of 1.07. The stock has a 50 day moving average price of $573.21 and a 200 day moving average price of $607.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.12. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Sell-side analysts expect that Lennox International will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.88%. Lennox International’s dividend payout ratio is presently 20.41%.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,282 shares in the company, valued at approximately $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Lennox International by 69,429.8% during the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company’s stock valued at $200,041,000 after acquiring an additional 356,175 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lennox International by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock valued at $542,374,000 after purchasing an additional 317,937 shares in the last quarter. Captrust Financial Advisors boosted its stake in Lennox International by 500.0% during the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock worth $57,326,000 after purchasing an additional 78,406 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Lennox International by 227.4% during the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock worth $46,398,000 after buying an additional 52,888 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Lennox International by 247.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company’s stock worth $16,220,000 after buying an additional 18,950 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.