Lennox International (NYSE:LII) Given New $656.00 Price Target at Robert W. Baird

Lennox International (NYSE:LII) had its target price hoisted by Robert W. Baird from $648.00 to $656.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other research firms also recently issued reports on LII. Stephens reaffirmed an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a report on Thursday, July 25th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price objective on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Mizuho boosted their target price on Lennox International from $575.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $583.92.

Lennox International Stock Down 1.8 %

Shares of NYSE LII opened at $609.18 on Thursday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The company has a 50-day moving average price of $592.28 and a 200-day moving average price of $544.05. The stock has a market capitalization of $21.71 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.82 and a beta of 1.07. Lennox International has a 1 year low of $348.79 and a 1 year high of $627.46.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $5.37 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that Lennox International will post 20.38 EPS for the current fiscal year.

Lennox International Dividend Announcement

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

Insider Buying and Selling

In other Lennox International news, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $1,279,549.71. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other 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 value of $1,148,100.00. Following the completion of the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the sale, the director now owns 2,193 shares in the company, valued at approximately $1,279,549.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,308 shares of company stock valued at $6,563,103. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. New England Research & Management Inc. bought a new position in shares of Lennox International in the first quarter valued at approximately $489,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after buying an additional 6,041 shares in the last quarter. Van ECK Associates Corp boosted its stake in Lennox International by 6.9% during the first quarter. Van ECK Associates Corp now owns 8,202 shares of the construction company’s stock valued at $4,009,000 after buying an additional 528 shares during the period. BNP Paribas Financial Markets grew its position in Lennox International by 21.6% during the first quarter. BNP Paribas Financial Markets now owns 21,980 shares of the construction company’s stock worth $10,743,000 after buying an additional 3,905 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Lennox International in the 1st quarter worth about $728,000. Hedge funds and other institutional investors 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.