Lennox International (NYSE:LII) Upgraded to "Hold" at Wells Fargo & Company

Key Points

• Wells Fargo upgraded Lennox International to “Hold,” while the broader analyst consensus remained “Hold” with an average price target of $522.85. Several firms recently lowered their price targets, reflecting more cautious sentiment.
• Lennox shares opened at $373.53, near the lower end of their 52-week range of $350.22 to $587.27, and below both their 50-day and 200-day moving averages.
• The company slightly beat quarterly earnings expectations with $7.72 in EPS versus $7.67 forecast, while revenue reached $1.55 billion and increased 3% year over year. Institutional investors own approximately 67.07% of the stock.

Lennox International (NYSE:LII - Get Free Report) was upgraded by equities researchers at Wells Fargo & Company to a "hold" rating in a research note issued to investors on Thursday, Zacks reports.

A number of other equities analysts have also issued reports on LII. Royal Bank Of Canada cut their target price on Lennox International from $579.00 to $469.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft downgraded 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 research report on Monday, September 14th. Weiss Ratings cut shares of Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group reduced their price objective on shares of Lennox International from $625.00 to $547.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Finally, Morgan Stanley decreased their price objective on shares of Lennox International from $450.00 to $375.00 and set an "underweight" rating for the company in a report on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $522.85.

Lennox International Stock Up 1.6%

Shares of Lennox International stock opened at $373.53 on Thursday. The business has a 50-day moving average of $416.64 and a 200-day moving average of $476.73. 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 company has a market capitalization of $12.91 billion, a PE ratio of 16.89, a P/E/G ratio of 1.45 and a beta of 1.18. Lennox International has a 1-year low of $350.22 and a 1-year high of $587.27.

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

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Lennox International by 122.5% during the second quarter. Allworth Financial LP now owns 158 shares of the construction company's stock worth $91,000 after purchasing an additional 87 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Lennox International by 4.7% during the second quarter. Arizona State Retirement System now owns 8,981 shares of the construction company's stock worth $5,146,000 after purchasing an additional 406 shares during the period. Nykredit A S acquired a new stake in shares of Lennox International during the second quarter worth $3,764,000. HB Wealth Management LLC lifted its position in shares of Lennox International by 15.8% in the 2nd quarter. HB Wealth Management LLC now owns 1,636 shares of the construction company's stock worth $938,000 after buying an additional 223 shares during the last quarter. Finally, Saudi Central Bank boosted its holdings in shares of Lennox International by 88.2% in the 2nd quarter. Saudi Central Bank now owns 2,193 shares of the construction company's stock valued at $1,256,000 after buying an additional 1,028 shares during the period. 67.07% of the stock is currently 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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