Lennox International’s (LII) Overweight Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of Lennox International (NYSE:LII) in a research report report published on Friday,Benzinga reports. The firm currently has a $750.00 price target on the construction company’s stock.

A number of other analysts also recently issued reports on LII. Wells Fargo & Company restated an “underweight” rating and set a $580.00 price objective (down previously from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Barclays upgraded shares of Lennox International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Royal Bank of Canada raised their price objective on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $675.00 to $625.00 in a research report on Thursday, January 30th. Finally, Morgan Stanley initiated coverage on shares of Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $614.62.

Lennox International Stock Performance

Shares of LII stock opened at $607.22 on Friday. Lennox International has a one year low of $445.63 and a one year high of $682.50. The firm has a 50-day moving average of $616.93 and a 200-day moving average of $614.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The company has a market cap of $21.60 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.36 and a beta of 1.10.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Equities research analysts forecast that Lennox International will post 22.94 EPS for the current fiscal year.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value 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 trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lennox International

Large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Lennox International in the third quarter valued at approximately $27,000. First Horizon Advisors Inc. purchased a new stake in Lennox International in the third quarter valued at approximately $39,000. Huntington National Bank raised its stake in Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares in the last quarter. Bessemer Group Inc. raised its stake in Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock valued at $60,000 after purchasing an additional 33 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in Lennox International by 62.5% in the fourth 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 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.