Barclays Cuts Lennox International (NYSE:LII) Price Target to $730.00

Key Points

• Barclays has lowered its price target for Lennox International from $753.00 to $730.00, while maintaining an "overweight" rating, indicating a potential upside of 32.18% from the stock's previous close.
• Other analysts have varying price targets for the company, with Goldman Sachs setting it at $691.00 and Wells Fargo at $675.00, contributing to a mixed consensus rating of "Hold" among investment analysts.
• Lennox International recently reported strong earnings, exceeding EPS estimates and showing a 3.4% year-over-year revenue increase, while also initiating a $1 billion stock repurchase plan suggesting management views the stock as undervalued.

Lennox International (NYSE:LII - Get Free Report) had its target price lowered by equities researchers at Barclays from $753.00 to $730.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. Barclays's price objective indicates a potential upside of 32.18% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company upped their target price on shares of Lennox International from $550.00 to $675.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Oppenheimer upped their price target on shares of Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. UBS Group upped their target price on shares of Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, Robert W. Baird increased their price objective on shares of Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lennox International has a consensus rating of "Hold" and a consensus target price of $633.42.

Lennox International Price Performance

Shares of NYSE LII opened at $552.26 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93. Lennox International has a twelve month low of $500.10 and a twelve month high of $689.44. The firm has a market cap of $19.40 billion, a P/E ratio of 23.61, a PEG ratio of 1.75 and a beta of 1.11. The company has a 50 day moving average of $593.71 and a 200 day moving average of $575.26.

Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, topping analysts' consensus estimates of $6.90 by $0.92. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $6.83 EPS. The firm's revenue was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, research analysts expect that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Lennox International

In other news, EVP Daniel M. Sessa sold 2,782 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total value of $1,864,051.28. Following the completion of the transaction, the executive vice president owned 31,574 shares in the company, valued at approximately $21,155,842.96. This represents a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Chris Kosel sold 300 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares of the company's stock, valued at approximately $758,764.52. The trade was a 18.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

A number of large investors have recently bought and sold shares of LII. GAMMA Investing LLC grew its stake in shares of Lennox International by 69,429.8% during the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after purchasing an additional 356,175 shares during the period. Amundi boosted its stake in shares of Lennox International by 33.1% during the 1st quarter. Amundi now owns 189,571 shares of the construction company's stock worth $103,661,000 after purchasing an additional 47,170 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in shares of Lennox International by 2.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 93,893 shares of the construction company's stock worth $53,823,000 after purchasing an additional 2,555 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after acquiring an additional 50,188 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Lennox International by 25.3% in the first quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company's stock worth $51,369,000 after acquiring an additional 18,502 shares during the last quarter. 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.

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