Lennox International, Inc. (NYSE:LII) had its price objective lifted by Wells Fargo & Company from $190.00 to $193.00 in a research note issued to investors on Friday. They currently have a market perform rating on the construction company’s stock.
A number of other research firms also recently commented on LII. Cowen and Company increased their target price on Lennox International from $172.00 to $200.00 and gave the company a buy rating in a research report on Tuesday, June 27th. BidaskClub upgraded Lennox International from a hold rating to a buy rating in a research report on Thursday, June 15th. Wolfe Research assumed coverage on Lennox International in a research report on Tuesday, July 11th. They set a market perform rating for the company. Cleveland Research assumed coverage on Lennox International in a research report on Tuesday. They set a neutral rating for the company. Finally, Morgan Stanley increased their target price on Lennox International from $161.00 to $166.00 and gave the company an underweight rating in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $178.83.
Shares of Lennox International (LII) traded up 1.54% during midday trading on Friday, reaching $184.32. 422,528 shares of the company’s stock traded hands. The firm has a market capitalization of $7.77 billion, a PE ratio of 26.55 and a beta of 1.15. The stock’s 50-day moving average price is $169.40 and its 200 day moving average price is $173.24. Lennox International has a one year low of $140.97 and a one year high of $192.58.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $2.53 EPS. On average, equities research analysts expect that Lennox International will post $7.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. Lennox International’s dividend payout ratio is presently 29.35%.
In related news, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the completion of the sale, the executive vice president now directly owns 112,408 shares in the company, valued at $19,272,351.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the sale, the vice president now owns 1,379 shares of the company’s stock, valued at $239,270.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,216 shares of company stock valued at $2,431,048. 3.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Achmea Investment Management B.V. bought a new stake in Lennox International in the second quarter worth $239,000. State Street Corp lifted its position in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after buying an additional 128,170 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after buying an additional 28 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Lennox International by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock worth $12,366,000 after buying an additional 3,580 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Lennox International by 2.5% in the second quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock worth $27,179,000 after buying an additional 3,600 shares during the last quarter. Institutional investors own 68.33% of the company’s stock.
Lennox International Company Profile
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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