Lennox International, Inc. (NYSE:LII) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Lennox International, Inc. has received an average recommendation of "Hold" from thirteen brokerages, with three analysts rating it as a sell and five each as a hold and buy.
• The average 12-month price target for Lennox International is $606.00, with various analysts adjusting their price targets between $501.00 and $753.00 in recent reports.
• The company recently declared a quarterly dividend of $1.30 per share, providing a yield of 0.9%, with a payout ratio of 22.23%.

Lennox International, Inc. (NYSE:LII - Get Free Report) has earned a consensus recommendation of "Hold" from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $606.00.

LII has been the subject of a number of analyst reports. UBS Group reduced their target price on shares of Lennox International from $676.00 to $610.00 and set a "neutral" rating for the company in a research note on Tuesday, September 23rd. Wells Fargo & Company upgraded shares of Lennox International from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $675.00 to $575.00 in a report on Monday, October 6th. JPMorgan Chase & Co. cut their target price on Lennox International from $592.00 to $501.00 and set an "underweight" rating on the stock in a report on Wednesday, October 15th. Barclays reduced their price target on Lennox International from $753.00 to $730.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. Finally, Mizuho decreased their price target on Lennox International from $650.00 to $565.00 and set a "neutral" rating for the company in a research note on Friday, October 17th.

Lennox International Stock Performance

Shares of LII stock opened at $549.55 on Wednesday. Lennox International has a fifty-two week low of $500.10 and a fifty-two week high of $689.44. The stock's 50-day moving average is $553.03 and its two-hundred day moving average is $568.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71. The firm has a market cap of $19.30 billion, a P/E ratio of 23.50, a PEG ratio of 1.96 and a beta of 1.10.

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

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, September 30th. Lennox International's dividend payout ratio (DPR) is 22.23%.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 300 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the sale, the chief accounting officer directly owned 1,282 shares in the company, valued at approximately $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AdvisorShares Investments LLC bought a new stake in Lennox International during the second quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Lennox International by 175.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock valued at $46,000 after buying an additional 51 shares during the last quarter. Whittier Trust Co. increased its position in Lennox International by 125.0% in the 2nd quarter. Whittier Trust Co. now owns 81 shares of the construction company's stock worth $46,000 after buying an additional 45 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of Lennox International during the second quarter worth approximately $54,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Lennox International by 52.9% in the second quarter. First Horizon Advisors Inc. now owns 107 shares of the construction company's stock valued at $61,000 after acquiring an additional 37 shares during the period. 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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