Barclays Forecasts Strong Price Appreciation for Lennox International (NYSE:LII) Stock

Lennox International (NYSE:LII - Get Free Report) had its price target raised by Barclays from $696.00 to $753.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. Barclays's target price points to a potential upside of 12.58% from the stock's current price.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group lifted their target price on Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. UBS Group decreased their price target on Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada raised their price target on Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a research note on Thursday, April 24th. Wells Fargo & Company raised their price target on Lennox International from $500.00 to $550.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley decreased their price target on Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $619.83.

Lennox International Stock Up 1.2%

Shares of NYSE LII traded up $8.03 during mid-day trading on Thursday, reaching $668.83. 112,909 shares of the company's stock were exchanged, compared to its average volume of 408,639. The firm has a market capitalization of $23.74 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 2.15 and a beta of 1.13. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $578.01 and a 200 day simple moving average of $584.13. 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 released its quarterly 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. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 106.05% and a net margin of 14.96%. Lennox International's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.83 earnings per share. As a group, equities analysts expect that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International declared that its board has approved a share buyback program on Thursday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 509 shares of Lennox International stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total transaction of $289,137.45. Following the completion of the sale, the chief accounting officer owned 1,582 shares of the company's stock, valued at approximately $898,655.10. This trade represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently modified their holdings of LII. GAMMA Investing LLC lifted its stake in shares of Lennox International by 69,429.8% in the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after acquiring an additional 356,175 shares during the last quarter. Geode Capital Management LLC raised its position in Lennox International by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock valued at $542,374,000 after purchasing an additional 317,937 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after acquiring an additional 78,406 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Lennox International by 227.4% in the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock worth $46,398,000 after acquiring an additional 52,888 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after buying an additional 50,188 shares during the last quarter. Institutional investors own 67.07% of the company's stock.

Lennox International Company Profile

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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