Analysts Set Lennox International Inc. (NYSE:LII) PT at $583.71

Lennox International Inc. (NYSE:LII - Get Free Report) has earned a consensus rating of "Hold" from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $583.71.

A number of research firms have commented on LII. Barclays decreased their price target on Lennox International from $702.00 to $696.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Oppenheimer upgraded Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Thursday, April 24th. Stephens restated an "overweight" rating and set a $750.00 target price on shares of Lennox International in a research report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a report on Friday, May 16th. Finally, Robert W. Baird lowered their price target on Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Lennox International Stock Up 0.3%

Shares of LII stock traded up $1.67 during midday trading on Friday, reaching $569.91. 361,043 shares of the stock were exchanged, compared to its average volume of 360,863. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm has a market cap of $20.22 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18. The company's 50 day moving average is $560.95 and its two-hundred day moving average is $601.05. Lennox International has a 1 year low of $483.42 and a 1 year high of $682.50.

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

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

Lennox International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, May 30th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Lennox International's previous quarterly dividend of $1.15. This represents a $5.20 annualized dividend and a dividend yield of 0.91%. Lennox International's payout ratio is 23.17%.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 509 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the completion of the sale, the chief accounting officer now directly owns 1,582 shares of the company's stock, valued at $898,655.10. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

Several large investors have recently bought and sold shares of the stock. City Holding Co. bought a new stake in Lennox International during the 1st quarter worth about $35,000. Sentry Investment Management LLC acquired a new stake in Lennox International during the 1st quarter worth approximately $43,000. Bessemer Group Inc. raised its holdings in shares of Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock valued at $60,000 after purchasing an additional 33 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock valued at $71,000 after purchasing an additional 45 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in Lennox International during the first quarter worth $114,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.