JPMorgan Chase & Co. Issues Positive Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price target raised by JPMorgan Chase & Co. from $455.00 to $549.00 in a research note released on Friday morning,Benzinga reports. The firm currently has an underweight rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley reduced their target price on shares of Lennox International from $585.00 to $450.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Stephens reissued an “overweight” rating and issued a $750.00 price objective on shares of Lennox International in a research note on Friday, March 7th. UBS Group lowered their target price on Lennox International from $625.00 to $570.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Royal Bank of Canada upped their price target on Lennox International from $580.00 to $582.00 and gave the company a “sector perform” rating in a research report on Thursday, April 24th. Finally, Mizuho cut Lennox International from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $675.00 to $625.00 in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $583.71.

Lennox International Trading Up 1.9%

NYSE LII opened at $605.33 on Friday. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18. Lennox International has a twelve month low of $483.42 and a twelve month high of $682.50. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The business’s fifty day moving average is $560.98 and its 200 day moving average is $603.34.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, April 23rd. The construction company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.25 by $0.12. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $3.47 earnings per share. As a group, sell-side analysts expect that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, April 30th. Lennox International’s dividend payout ratio (DPR) is presently 20.50%.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the completion of the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LII. City Holding Co. purchased a new stake in shares of Lennox International in the 1st quarter worth about $35,000. Sentry Investment Management LLC bought a new stake in Lennox International during the first quarter worth about $43,000. Bessemer Group Inc. boosted its stake in Lennox International by 50.8% during the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock worth $60,000 after acquiring an additional 33 shares in the last quarter. Private Trust Co. NA grew its holdings in Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after purchasing an additional 45 shares during the period. Finally, Inlight Wealth Management LLC bought a new position in shares of Lennox International during the first quarter valued at approximately $114,000. Hedge funds and other 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.