Lennox International (NYSE:LII) PT Raised to $624.00 at Barclays

Lennox International (NYSE:LII) had its price objective lifted by Barclays from $575.00 to $624.00 in a report published on Thursday morning, Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other analysts also recently issued reports on LII. Royal Bank of Canada raised their price target on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Stephens reiterated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company upped their target price on shares of 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $583.92.

Lennox International Trading Down 1.8 %

NYSE:LII opened at $609.18 on Thursday. The company has a market cap of $21.71 billion, a PE ratio of 33.79, a P/E/G ratio of 1.82 and a beta of 1.07. The business’s 50 day moving average is $592.28 and its two-hundred day moving average is $544.60. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. Lennox International has a 52 week low of $348.79 and a 52 week high of $627.46.

Lennox International (NYSE:LII) last announced its quarterly earnings data 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 net margin of 12.85% and a return on equity of 198.36%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $5.37 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that Lennox International will post 20.38 EPS for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.76%. Lennox International’s payout ratio is 25.51%.

Insider Buying and Selling at Lennox International

In other news, Director Todd J. Teske sold 2,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 8,411 shares in the company, valued at $4,828,334.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value of $1,148,100.00. Following the sale, the director now directly owns 8,411 shares in the company, valued at $4,828,334.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Prakash Bedapudi sold 5,374 shares of the firm’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 owns 16,162 shares of the company’s stock, valued at $9,438,608. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,308 shares of company stock valued at $6,563,103. 10.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

Several large investors have recently modified their holdings of LII. Massmutual Trust Co. FSB ADV raised its position in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the period. L & S Advisors Inc lifted its stake in Lennox International by 0.8% during the second quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after buying an additional 40 shares in the last quarter. Argent Trust Co lifted its stake in Lennox International by 6.6% during the second quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after buying an additional 41 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Lennox International in the second quarter worth about $33,000. Finally, Toronto Dominion Bank increased its position in shares of Lennox International by 2.2% in the second quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock worth $1,669,000 after acquiring an additional 66 shares in 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.