Lennox International (NYSE:LII) PT Raised to $619.00 at Royal Bank of Canada

Lennox International (NYSE:LII) had its price objective upped by investment analysts at Royal Bank of Canada from $604.00 to $619.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 1.63% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company increased their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Mizuho lifted their price objective on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday. Stephens reiterated an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Barclays upped their target price on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Robert W. Baird raised their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lennox International currently has a consensus rating of “Hold” and an average target price of $583.92.

Lennox International Stock Performance

NYSE LII opened at $609.08 on Thursday. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 33.78, a P/E/G ratio of 1.82 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The firm’s 50 day simple moving average is $592.28 and its 200 day simple moving average is $543.62. Lennox International has a 1 year low of $348.79 and a 1 year high of $627.46.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping 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 analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $5.37 EPS. Lennox International’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts expect that Lennox International will post 20.38 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the sale, the director now owns 8,411 shares of the company’s stock, valued at approximately $4,828,334.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the completion of the transaction, the director now owns 8,411 shares of the company’s stock, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 16,162 shares in the company, 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 11,308 shares of company stock valued at $6,563,103 in the last 90 days. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new stake in shares of Lennox International during the 2nd quarter valued at about $33,000. Massmutual Trust Co. FSB ADV lifted its position in Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. UMB Bank n.a. grew its stake in Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Lennox International in the 2nd quarter worth $65,000. Finally, Bessemer Group Inc. raised its position in shares of Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after buying an additional 121 shares in the last quarter. 67.07% of the stock is currently 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.