Lennox International (NYSE:LII) PT Raised to $360.00 at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its target price raised by stock analysts at JPMorgan Chase & Co. from $350.00 to $360.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 24.54% from the stock’s current price.

Several other brokerages also recently commented on LII. Barclays increased their price objective on Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. KeyCorp upped their target price on Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Mizuho upped their target price on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a report on Monday, April 1st. StockNews.com lowered Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lennox International in a report on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $482.31.

Lennox International Stock Performance

Shares of Lennox International stock opened at $477.10 on Thursday. The company has a market cap of $16.99 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. Lennox International has a 52 week low of $264.88 and a 52 week high of $501.72. The business has a 50 day moving average price of $472.39 and a 200-day moving average price of $435.55. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13.

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

Insider Transactions at Lennox International

In other news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in LII. Tobam raised its position in shares of Lennox International by 1,640.0% in the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after buying an additional 82 shares in the last quarter. Rise Advisors LLC purchased a new stake in Lennox International during the first quarter valued at about $41,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Lennox International during the fourth quarter valued at about $42,000. GAMMA Investing LLC purchased a new stake in Lennox International during the fourth quarter valued at about $80,000. Finally, V Square Quantitative Management LLC raised its position in Lennox International by 66.0% during the fourth quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock valued at $158,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.