Brokerages Set Lennox International Inc. (NYSE:LII) PT at $590.50

Lennox International Inc. (NYSE:LII) has been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $590.50.

LII has been the subject of several recent research reports. Robert W. Baird raised their target price on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Northcoast Research started coverage on Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price on the stock. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Finally, UBS Group upped their price objective on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd.

Lennox International Stock Performance

Shares of LII stock opened at $663.33 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The stock has a 50 day simple moving average of $640.94 and a 200-day simple moving average of $604.83. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. Lennox International has a 12-month low of $412.09 and a 12-month high of $682.50.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.37 earnings per share. On average, equities analysts forecast that Lennox International will post 21.2 EPS for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is currently 21.84%.

Insider Buying and Selling at Lennox International

In other Lennox International news, Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the transaction, the director now directly owns 7,911 shares of the company’s stock, valued at $5,344,038.72. The trade was a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,525 shares of company stock valued at $992,443. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International during the 3rd quarter valued at about $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International in the third quarter valued at approximately $39,000. Huntington National Bank raised its stake in shares of Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares during the period. UMB Bank n.a. lifted its position in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Lennox International in the third quarter valued at $77,000. Institutional investors and hedge funds 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.