Lennox International (NYSE:LII) Given New $700.00 Price Target at Barclays

Key Points

• Barclays has revised its price target for Lennox International from $730.00 to $700.00, maintaining an "overweight" rating, which indicates a potential upside of 41.42% from the current stock price.
• Five analysts have rated Lennox with a "Buy," five have given a "Hold," and three have assigned a "Sell" rating, resulting in a consensus target price of $605.58.
• In its recent earnings announcement, Lennox reported $6.98 earnings per share, surpassing the consensus estimate while experiencing a 4.8% decline in revenue year-over-year.

Lennox International (NYSE:LII - Get Free Report) had its price objective reduced by Barclays from $730.00 to $700.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. Barclays's price target points to a potential upside of 41.42% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group lowered their price objective on shares of Lennox International from $676.00 to $610.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 23rd. 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 note on Thursday, July 17th. Weiss Ratings restated a "buy (b-)" rating on shares of Lennox International in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on shares of Lennox International from $592.00 to $501.00 and set an "underweight" rating on the stock in a report on Wednesday, October 15th. Finally, Mizuho cut their price objective on shares of Lennox International from $650.00 to $565.00 and set a "neutral" rating for the company in a research report on Friday, October 17th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Lennox International presently has a consensus rating of "Hold" and a consensus target price of $605.58.

Lennox International Trading Down 9.8%

Lennox International stock opened at $494.98 on Thursday. Lennox International has a 52 week low of $485.47 and a 52 week high of $689.44. 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 firm has a market capitalization of $17.38 billion, a PE ratio of 21.16, a PEG ratio of 2.01 and a beta of 1.10. The business's 50-day simple moving average is $550.67 and its 200-day simple moving average is $567.51.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share for the quarter, beating the consensus estimate of $6.69 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.54 billion. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.68 EPS. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. Equities research analysts forecast that Lennox International will post 22.94 earnings per share for the current year.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 300 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer directly owned 1,282 shares of the company's stock, valued at approximately $758,764.52. This trade represents a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.73% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AdvisorShares Investments LLC bought a new position in Lennox International during the second quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of 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 worth $46,000 after buying an additional 51 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Lennox International by 125.0% during 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 stake in Lennox International in the 2nd quarter valued at $54,000. Finally, First Horizon Advisors Inc. grew its position in 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 and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.