Lennox International (NYSE:LII) Price Target Cut to $730.00 by Analysts at Barclays

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 - Free Report) had its price objective decreased by Barclays from $753.00 to $730.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the construction company's stock.

Several other analysts have also recently commented on LII. Robert W. Baird raised their price target on shares of Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company raised their price objective 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 raised their price objective on shares of Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. UBS Group raised their price objective on shares of Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Lennox International presently has a consensus rating of "Hold" and a consensus price target of $628.83.

Lennox International Stock Down 0.3%

Shares of LII stock traded down $1.54 during trading on Tuesday, hitting $540.20. 380,502 shares of the company were exchanged, compared to its average volume of 383,334. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.75 and a beta of 1.11. The business's 50-day simple moving average is $588.59 and its 200 day simple moving average is $574.35. Lennox International has a twelve month low of $500.10 and a twelve month high of $689.44.

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

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.0%. Lennox International's dividend payout ratio is currently 22.23%.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 300 shares of Lennox International 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 sale, the chief accounting officer owned 1,282 shares in the company, valued at $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel M. Sessa sold 2,782 shares of Lennox International stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the sale, the executive vice president owned 31,574 shares in the company, valued at $21,155,842.96. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. 9.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Lennox International by 4.8% in the 4th quarter. California State Teachers Retirement System now owns 46,361 shares of the construction company's stock worth $28,248,000 after purchasing an additional 2,133 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Lennox International by 23.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock valued at $236,000 after purchasing an additional 80 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 buying an additional 356,175 shares in the last quarter. Rhumbline Advisers lifted its position in Lennox International by 6.4% during the 1st quarter. Rhumbline Advisers now owns 67,372 shares of the construction company's stock worth $37,784,000 after buying an additional 4,047 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Lennox International during the 1st quarter worth about $43,000. Institutional investors and hedge funds 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.