Mizuho Raises Lennox International (NYSE:LII) Price Target to $675.00

Lennox International (NYSE:LII) had its price objective increased by Mizuho from $650.00 to $675.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other research analysts have also recently commented on the company. Robert W. Baird boosted their price target on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company raised their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada boosted their target price on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Stephens restated an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. Finally, KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus target price of $583.92.

Lennox International Stock Performance

Shares of NYSE:LII traded down $1.53 during trading on Thursday, hitting $619.13. The company’s stock had a trading volume of 12,583 shares, compared to its average volume of 273,004. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International has a 12 month low of $348.79 and a 12 month high of $627.46. The firm has a market cap of $22.06 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.89 and a beta of 1.07. The company has a 50-day moving average of $591.48 and a 200-day moving average of $542.75.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.37 earnings per share. On average, sell-side analysts expect that Lennox International will post 20.34 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio is presently 26.65%.

Insider Buying and Selling

In other Lennox International news, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the completion of the sale, the director now directly owns 8,411 shares of the company’s stock, valued at $4,828,334.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Todd J. Teske sold 2,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the transaction, the director now owns 8,411 shares in the company, valued at approximately $4,828,334.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Prakash Bedapudi sold 3,434 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the completion of the sale, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,308 shares of company stock valued at $6,563,103 over the last quarter. 10.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Several institutional investors have recently bought and sold shares of LII. Swedbank AB purchased a new position in shares of Lennox International in the 1st quarter valued at $15,416,000. Driehaus Capital Management LLC purchased a new position in shares of Lennox International in the 2nd quarter worth approximately $11,115,000. SG Americas Securities LLC lifted its position in Lennox International by 279.7% during the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock valued at $12,588,000 after acquiring an additional 18,972 shares during the last quarter. Forsta AP Fonden grew its holdings in Lennox International by 165.0% in the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock worth $10,362,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares in 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.