Lennox International Inc. (NYSE:LII) Receives $577.00 Average Target Price from Brokerages

Lennox International Inc. (NYSE:LII - Get Free Report) has been assigned an average rating of "Hold" from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $577.00.

Several research analysts have weighed in on LII shares. Oppenheimer upgraded Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 target price on the stock in a research note on Thursday, April 24th. Mizuho cut shares of Lennox International from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $675.00 to $625.00 in a research note on Thursday, January 30th. Wells Fargo & Company reduced their target price on shares of Lennox International from $550.00 to $500.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut their price target on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Finally, Barclays lowered their price objective on Lennox International from $702.00 to $696.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the transaction, the chief accounting officer now directly owns 1,282 shares in the company, valued at approximately $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Lennox International by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock worth $542,374,000 after purchasing an additional 317,937 shares during the period. GAMMA Investing LLC grew its holdings in 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 buying an additional 356,175 shares during the period. Captrust Financial Advisors increased its stake in shares of Lennox International by 500.0% during the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after acquiring an additional 78,406 shares during the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Lennox International by 22.4% during the 1st quarter. Achmea Investment Management B.V. now owns 91,338 shares of the construction company's stock worth $51,225,000 after acquiring an additional 16,711 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Lennox International by 227.4% during 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 during the period. Hedge funds and other institutional investors own 67.07% of the company's stock.

Lennox International Stock Up 0.8 %

Lennox International stock traded up $4.49 during mid-day trading on Wednesday, hitting $561.51. The company had a trading volume of 447,712 shares, compared to its average volume of 353,352. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.36 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. Lennox International has a 1 year low of $463.66 and a 1 year high of $682.50. The business has a fifty day moving average of $562.92 and a 200 day moving average of $604.93.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.12. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company posted $3.47 earnings per share. The business's quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts expect that Lennox International will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.82%. Lennox International's dividend payout ratio (DPR) is currently 20.50%.

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.