Lennox International Inc. (NYSE:LII) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Lennox International Inc. (NYSE:LIIGet Free Report) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $482.31.

Several brokerages have commented on LII. Royal Bank of Canada raised their price objective on Lennox International from $481.00 to $510.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Mizuho upped their price objective on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Barclays lifted their target price on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price target on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. Finally, TD Cowen lifted their price objective on Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th.

Check Out Our Latest Stock Report on Lennox International

Lennox International Price Performance

NYSE:LII opened at $496.85 on Wednesday. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. The company has a 50 day moving average price of $475.13 and a 200-day moving average price of $445.89. Lennox International has a 1-year low of $271.51 and a 1-year high of $501.72. The firm has a market cap of $17.70 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.34 and a beta of 1.03.

Lennox International (NYSE:LIIGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Equities research analysts forecast that Lennox International will post 19.92 EPS for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, March 27th. Lennox International’s payout ratio is currently 25.49%.

Insiders Place Their Bets

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred 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 owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of Lennox International by 105.3% during the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock worth $3,035,000 after buying an additional 3,478 shares during the period. Naples Money Management LLC purchased a new stake in Lennox International during the fourth quarter worth about $1,588,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Lennox International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after purchasing an additional 1,653 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Lennox International in the third quarter valued at approximately $8,067,000. Finally, DNB Asset Management AS purchased a new position in shares of Lennox International in the fourth quarter valued at approximately $5,393,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

(Get Free Report

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.

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Analyst Recommendations for Lennox International (NYSE:LII)

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