Lennox International (NYSE:LII) Given New $619.00 Price Target at Royal Bank of Canada

Lennox International (NYSE:LII) had its target price boosted by Royal Bank of Canada from $604.00 to $619.00 in a report published on Thursday morning, Benzinga reports. They currently have a sector perform rating on the construction company’s stock.

LII has been the subject of several other reports. Barclays lifted their target price on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday. Robert W. Baird boosted their price target on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday. Mizuho boosted their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group boosted their price target on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. One 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, the stock has an average rating of “Hold” and a consensus target price of $583.92.

Lennox International Stock Down 1.8 %

NYSE:LII opened at $609.18 on Thursday. The firm has a market capitalization of $21.71 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. Lennox International has a twelve month low of $348.79 and a twelve month high of $627.46. The stock’s 50 day moving average price is $592.28 and its two-hundred day moving average price is $544.60. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last issued its earnings results 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 company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $5.37 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts expect that Lennox International will post 20.38 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. Lennox International’s payout ratio is presently 25.51%.

Insiders Place Their Bets

In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now owns 8,411 shares of the company’s stock, valued at $4,828,334.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now owns 16,162 shares of the company’s stock, valued at $9,438,608. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Todd J. Teske sold 2,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares in the company, valued at $4,828,334.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,308 shares of company stock valued at $6,563,103 in the last 90 days. Corporate insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently made changes to their positions in LII. New England Research & Management Inc. bought a new stake in shares of Lennox International in the 1st quarter valued at about $489,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after purchasing an additional 6,041 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Lennox International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 8,202 shares of the construction company’s stock valued at $4,009,000 after purchasing an additional 528 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Lennox International by 21.6% during the 1st quarter. BNP Paribas Financial Markets now owns 21,980 shares of the construction company’s stock valued at $10,743,000 after purchasing an additional 3,905 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Lennox International during the 1st quarter valued at about $728,000. Institutional investors own 67.07% of the company’s stock.

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.