Lennox International (NYSE:LII) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Lennox International Inc. (NYSE:LII)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $603.32 and traded as high as $605.77. Lennox International shares last traded at $605.33, with a volume of 272,165 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on LII shares. Robert W. Baird reduced their price target on Lennox International from $608.00 to $600.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. UBS Group cut their target price on Lennox International from $625.00 to $570.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Oppenheimer raised Lennox International from a “market perform” rating to an “outperform” rating and set a $600.00 price target for the company in a research report on Thursday, April 24th. Barclays lowered their price target on Lennox International from $702.00 to $696.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, Royal Bank of Canada raised their target price on Lennox International from $580.00 to $582.00 and gave the company a “sector perform” rating in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Lennox International has a consensus rating of “Hold” and a consensus target price of $583.71.

Lennox International Stock Performance

The company’s fifty day simple moving average is $560.98 and its 200 day simple moving average is $603.34. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $21.48 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.36 and a beta of 1.18.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.25 by $0.12. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $3.47 EPS. As a group, sell-side analysts forecast that Lennox International Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, April 30th. Lennox International’s dividend payout ratio is currently 20.50%.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Several institutional investors have recently modified their holdings of the business. City Holding Co. purchased a new position in Lennox International in the first quarter worth about $35,000. Sentry Investment Management LLC bought a new stake in Lennox International in the 1st quarter worth approximately $43,000. Bessemer Group Inc. increased its position in shares of Lennox International by 50.8% during the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock valued at $60,000 after purchasing an additional 33 shares during the last quarter. Private Trust Co. NA increased its position in shares of Lennox International by 62.5% during the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after purchasing an additional 45 shares during the last quarter. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Lennox International in the 1st quarter worth $114,000. 67.07% of the stock is owned by hedge funds and other 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.