Lennox International (NYSE:LII) PT Raised to $510.00 at Royal Bank of Canada

Lennox International (NYSE:LII) had its price objective increased by stock analysts at Royal Bank of Canada from $481.00 to $510.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 6.90% from the company’s current price.

LII has been the subject of several other reports. UBS Group raised their target price on Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a research note on Thursday, February 1st. They issued a “buy” rating and a $523.00 price target for the company. KeyCorp raised their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Mizuho raised their target price on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $482.31.

Lennox International Stock Up 0.3 %

Shares of Lennox International stock opened at $477.10 on Thursday. The business has a 50-day moving average of $472.39 and a 200-day moving average of $435.55. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.72. The company has a market capitalization of $16.99 billion, a PE ratio of 27.64, a P/E/G ratio of 2.33 and a beta of 1.02. Lennox International has a 1-year low of $264.88 and a 1-year high of $501.72.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. As a group, equities analysts forecast that Lennox International will post 19.77 EPS for the current fiscal year.

Insider Transactions at Lennox International

In other news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lennox International

A number of hedge funds have recently modified their holdings of LII. Forsta AP Fonden boosted its holdings in Lennox International by 11.8% in the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after purchasing an additional 2,400 shares in the last quarter. Strs Ohio bought a new stake in Lennox International in the third quarter worth $1,386,000. Nisa Investment Advisors LLC boosted its holdings in Lennox International by 4.8% in the third quarter. Nisa Investment Advisors LLC now owns 5,537 shares of the construction company’s stock worth $2,073,000 after purchasing an additional 253 shares in the last quarter. RiverFront Investment Group LLC bought a new stake in Lennox International in the third quarter worth $1,490,000. Finally, Advisors Preferred LLC bought a new stake in Lennox International in the third quarter worth $370,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Lennox International Company Profile

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.