Lennox International (NYSE:LII) Price Target Cut to $493.00 by Analysts at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its price objective lowered by JPMorgan Chase & Co. from $501.00 to $493.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an underweight rating on the construction company’s stock.

Several other equities research analysts have also recently weighed in on LII. Oppenheimer cut their target price on Lennox International from $730.00 to $675.00 and set an “outperform” rating for the company in a research note on Wednesday, September 17th. Barclays cut their target price on Lennox International from $730.00 to $700.00 and set an “overweight” rating for the company in a research note on Thursday. Royal Bank Of Canada cut their target price on Lennox International from $598.00 to $555.00 and set a “sector perform” rating for the company in a research note on Thursday. UBS Group cut their target price on Lennox International from $676.00 to $610.00 and set a “neutral” rating for the company in a research note on Tuesday, September 23rd. Finally, Mizuho dropped their price target on Lennox International from $650.00 to $565.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lennox International has an average rating of “Hold” and a consensus price target of $600.17.

Lennox International Trading Up 0.3%

Shares of NYSE:LII opened at $494.67 on Thursday. The company has a market capitalization of $17.37 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.81 and a beta of 1.10. Lennox International has a 1 year low of $485.47 and a 1 year high of $689.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.68 and a quick ratio of 0.71. The business’s 50 day simple moving average is $548.56 and its 200 day simple moving average is $567.31.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share for the quarter, topping the consensus estimate of $6.69 by $0.29. Lennox International had a return on equity of 91.96% and a net margin of 15.74%.The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company earned $6.68 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. On average, research analysts anticipate that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 30th. Lennox International’s dividend payout ratio is presently 22.23%.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 300 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer directly owned 1,282 shares of the company’s stock, valued at $758,764.52. This trade represents a 18.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 9.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LII. Ameriprise Financial Inc. raised its position in Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after purchasing an additional 53,679 shares during the last quarter. Russell Investments Group Ltd. raised its position in Lennox International by 118.3% during the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company’s stock worth $51,932,000 after purchasing an additional 50,188 shares during the last quarter. Amundi raised its position in Lennox International by 33.1% during the 1st quarter. Amundi now owns 189,571 shares of the construction company’s stock worth $103,661,000 after purchasing an additional 47,170 shares during the last quarter. SG Americas Securities LLC raised its position in Lennox International by 1,402.7% during the 2nd quarter. SG Americas Securities LLC now owns 31,783 shares of the construction company’s stock worth $18,219,000 after purchasing an additional 29,668 shares during the last quarter. Finally, Jump Financial LLC raised its position in Lennox International by 3,851.0% during the 1st quarter. Jump Financial LLC now owns 20,545 shares of the construction company’s stock worth $11,522,000 after purchasing an additional 20,025 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

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.