Lennox International (NYSE:LII) Stock Rating Cut to "Neutral" at The Goldman Sachs Group

Key Points

• Goldman Sachs downgraded Lennox International from “Buy” to “Neutral,” setting a $390 price target, which implied 11.42% upside from the prior close.
• Analyst sentiment is broadly cautious: four analysts rate the stock a Buy, eleven a Hold and two a Sell, producing a consensus “Hold” rating and a $510.77 price target.
• Lennox shares opened at $350.04, near their one-year low of $340.32 and well below the 200-day moving average of $465.92; institutional investors own 67.07% of the company.

Lennox International (NYSE:LII - Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a $390.00 price target on the construction company's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 11.42% from the stock's previous close.

LII has been the subject of a number of other reports. Wells Fargo & Company began coverage on Lennox International in a report on Friday, September 25th. They issued an "equal weight" rating and a $424.00 price target for the company. Morgan Stanley dropped their price target on shares of Lennox International from $450.00 to $375.00 and set an "underweight" rating on the stock in a research note on Thursday, September 3rd. Royal Bank Of Canada cut their price objective on shares of Lennox International from $579.00 to $469.00 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Lennox International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $609.00 to $444.00 in a research report on Monday, September 14th. Finally, William Blair restated an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $510.77.

Lennox International Stock Down 1.9%

Shares of NYSE LII opened at $350.04 on Wednesday. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.48 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. The business has a 50-day moving average of $384.60 and a two-hundred day moving average of $465.92. Lennox International has a 1 year low of $340.32 and a 1 year high of $587.27.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the firm posted $7.82 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, analysts forecast that Lennox International will post 23.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Lennox International during the 2nd quarter worth approximately $1,704,846,000. Beacon Pointe Advisors LLC purchased a new position in shares of Lennox International in the 2nd quarter valued at approximately $239,217,000. Bank of America Corp DE acquired a new position in shares of Lennox International in the second quarter valued at approximately $196,075,000. Deutsche Bank AG acquired a new position in shares of Lennox International in the second quarter valued at approximately $159,181,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Lennox International by 3.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,782 shares of the construction company's stock worth $137,956,000 after purchasing an additional 7,397 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Lennox International Company Profile

Lennox International Inc NYSE: LII is a heating, ventilation, air conditioning and refrigeration company that designs, manufactures and markets climate-control products for residential and commercial applications. Its offerings include furnaces, air conditioners, heat pumps, packaged systems, thermostats, controls and indoor air-quality products.

The company also provides commercial HVAC systems and services for offices, retail locations, industrial facilities and other buildings, as well as refrigeration equipment used in food retail and other applications.

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