Lennox International (NYSE:LII) Stock Picked Up by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo initiated coverage of Lennox International with an “equal weight” rating and a $424 price target, implying about 15% upside from the reported $368.16 share price.
• Analyst sentiment remains mixed: Lennox has an average “Hold” rating and a $522.85 consensus price target, with five Buy, ten Hold and two Sell ratings.
• Lennox’s latest quarterly results slightly exceeded earnings expectations, reporting $7.72 per share versus $7.67 forecast, while revenue rose 3% year over year to $1.55 billion.

Stock analysts at Wells Fargo & Company initiated coverage on shares of Lennox International (NYSE:LII - Get Free Report) in a report issued on Friday, Briefing.com reports. The brokerage set an "equal weight" rating and a $424.00 price target on the construction company's stock. Wells Fargo & Company's price target would suggest a potential upside of 15.17% from the stock's current price.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Morgan Stanley reduced their price target on shares of Lennox International from $450.00 to $375.00 and set an "underweight" rating for the company in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft cut shares of Lennox International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $609.00 to $444.00 in a report on Monday, September 14th. William Blair reissued an "outperform" rating on shares of Lennox International in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group reduced their target price on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Lennox International presently has an average rating of "Hold" and an average price target of $522.85.

Lennox International Stock Down 1.1%

Shares of NYSE LII opened at $368.16 on Friday. Lennox International has a 52 week low of $350.22 and a 52 week high of $587.27. The business has a 50-day simple moving average of $420.02 and a two-hundred day simple moving average of $477.46. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The company has a market cap of $12.72 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.47 and a beta of 1.18.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating the consensus estimate of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the business posted $7.82 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Research analysts anticipate that Lennox International will post 23.54 earnings per share for the current fiscal year.

Institutional Trading of Lennox International

A number of hedge funds have recently made changes to their positions in the stock. Huntington National Bank grew its stake in shares of Lennox International by 51.8% in the fourth quarter. Huntington National Bank now owns 85 shares of the construction company's stock worth $41,000 after acquiring an additional 29 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Lennox International by 4.0% during the first quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company's stock valued at $421,000 after acquiring an additional 35 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Lennox International by 137.9% in the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company's stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Lennox International by 11.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 583 shares of the construction company's stock worth $271,000 after purchasing an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Lennox International in the 2nd quarter worth about $37,000. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

Lennox International Inc NYSE: LII designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.

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