Stephens Reiterates “Overweight” Rating for Lennox International (NYSE:LII)

Lennox International (NYSE:LII)‘s stock had its “overweight” rating reiterated by stock analysts at Stephens in a report issued on Thursday, Benzinga reports. They currently have a $550.00 target price on the construction company’s stock. Stephens’ price target points to a potential upside of 15.28% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research note on Thursday. 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 research note on Monday, April 1st. Wells Fargo & Company decreased their target price on shares of Lennox International from $545.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday. TD Cowen raised their target price on shares of Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Finally, 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 research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Lennox International has a consensus rating of “Moderate Buy” and a consensus price target of $482.31.

Lennox International Price Performance

LII opened at $477.10 on Thursday. The company’s 50-day simple moving average is $472.39 and its two-hundred day simple moving average is $435.55. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. The stock has a market capitalization of $16.99 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.33 and a beta of 1.02.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, analysts predict that Lennox International will post 19.77 EPS for the current year.

Insider Buying and Selling at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the firm’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 completion of 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 legal filing with the SEC, which is available at the SEC website. In related news, EVP Gary S. Bedard sold 1,849 shares of the firm’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 completion of 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were 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 of the company’s stock, valued at $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LII. iA Global Asset Management Inc. purchased a new position in Lennox International during the third quarter worth $8,067,000. Eagle Asset Management Inc. purchased a new position in Lennox International during the fourth quarter worth $5,795,000. DNB Asset Management AS purchased a new position in Lennox International during the fourth quarter worth $5,393,000. Russell Investments Group Ltd. boosted its stake in Lennox International by 33.6% during the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after buying an additional 11,077 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Lennox International by 87.6% during the fourth quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock worth $8,089,000 after purchasing an additional 8,441 shares during the last quarter. 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.