Oppenheimer Has Lowered Expectations for Lennox International (NYSE:LII) Stock Price

Key Points

• Oppenheimer has reduced Lennox International's price target from $730.00 to $675.00, maintaining an "outperform" rating, suggesting a potential upside of 22.18%.
• Various analysts have mixed ratings for Lennox, with four recommending a Buy, five a Hold, and four a Sell, leading to a consensus price target of $628.83.
• In the latest earnings report, Lennox posted an EPS of $7.82, beating estimates and showing a 3.4% revenue increase compared to the previous year.

Lennox International (NYSE:LII - Free Report) had its target price cut by Oppenheimer from $730.00 to $675.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the construction company's stock.

LII has been the topic of a number of other research reports. Barclays decreased their target price on shares of Lennox International from $753.00 to $730.00 and set an "overweight" rating on the stock in a research report on Tuesday. UBS Group upped their target price 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. Robert W. Baird upped their target price on shares of Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Wells Fargo & Company upped their target price 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. Finally, The Goldman Sachs Group upped their target price 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 research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $628.83.

Lennox International Trading Down 0.7%

Shares of LII stock traded down $4.06 on Wednesday, hitting $541.87. 533,201 shares of the stock traded hands, compared to its average volume of 383,443. The firm's 50-day moving average price is $590.14 and its two-hundred day moving average price is $574.57. 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 stock has a market capitalization of $19.03 billion, a PE ratio of 23.17, a PEG ratio of 1.75 and a beta of 1.11. 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 announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating the consensus estimate of $6.90 by $0.92. The firm had revenue of $1.50 billion for 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 company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, analysts anticipate that Lennox International will post 22.94 EPS for the current year.

Lennox International announced that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Insider Activity

In other news, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were 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 of the company's stock, valued at approximately $21,155,842.96. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 300 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the sale, the chief accounting officer directly owned 1,282 shares in the company, valued at $758,764.52. This represents a 18.96% decrease in their position. The disclosure for this sale can be found here. 9.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Lennox International

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Lennox International by 69,429.8% in the first 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 in the last quarter. Amundi raised its holdings in Lennox International by 33.1% in the first quarter. Amundi now owns 189,571 shares of the construction company's stock valued at $103,661,000 after acquiring an additional 47,170 shares in the last quarter. Achmea Investment Management B.V. increased its stake in Lennox International by 2.8% in the second quarter. Achmea Investment Management B.V. now owns 93,893 shares of the construction company's stock valued at $53,823,000 after purchasing an additional 2,555 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Lennox International by 118.3% during the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after purchasing an additional 50,188 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Lennox International by 25.3% during the first quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company's stock worth $51,369,000 after purchasing an additional 18,502 shares in the last quarter. 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.