Lennox International (NYSE:LII) Price Target Cut to $545.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo & Company has cut Lennox International's price target from $575.00 to $545.00 while maintaining an "equal weight" rating, suggesting a potential upside of 8.97% from the stock's previous close.
• Other research firms have also lowered their price targets on Lennox International, with Morgan Stanley now at $475.00 and JPMorgan Chase at $501.00, both indicating an "underweight" rating.
• Lennox International reported a quarterly earnings per share (EPS) of $6.98, surpassing estimates, but its revenue declined by 4.8% year-over-year, amounting to $1.43 billion, below expectations of $1.54 billion.

Lennox International (NYSE:LII - Get Free Report) had its price target dropped by research analysts at Wells Fargo & Company from $575.00 to $545.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the construction company's stock. Wells Fargo & Company's target price would suggest a potential upside of 8.97% from the stock's previous close.

Several other research firms have also recently commented on LII. Morgan Stanley dropped their price objective on Lennox International from $535.00 to $475.00 and set an "underweight" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on Lennox International from $592.00 to $501.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 15th. Mizuho dropped their price objective on Lennox International from $650.00 to $565.00 and set a "neutral" rating on the stock in a research report on Friday, October 17th. Oppenheimer dropped their target price on Lennox International from $730.00 to $675.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 17th. Finally, UBS Group dropped their target price on Lennox International from $676.00 to $610.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $603.08.

Lennox International Price Performance

Shares of NYSE:LII opened at $500.12 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71. Lennox International has a 1-year low of $485.47 and a 1-year high of $689.44. The company has a market capitalization of $17.56 billion, a PE ratio of 21.05, a PEG ratio of 2.01 and a beta of 1.10. The business has a fifty day moving average price of $550.67 and a 200-day moving average price of $567.51.

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

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 300 shares of Lennox International 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 transaction, the chief accounting officer directly owned 1,282 shares of the company's stock, valued at $758,764.52. The trade was a 18.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.73% of the stock is currently owned by insiders.

Institutional Trading of Lennox International

Several institutional investors and hedge funds have recently added to or reduced their stakes in LII. GAMMA Investing LLC raised its stake in Lennox International by 24.0% during the 1st quarter. GAMMA Investing LLC now owns 636 shares of the construction company's stock valued at $357,000 after purchasing an additional 123 shares during the period. Achmea Investment Management B.V. raised its stake in 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 valued at $51,225,000 after purchasing an additional 16,711 shares during the period. Carolina Wealth Advisors LLC bought a new stake in Lennox International during the 1st quarter valued at approximately $771,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Lennox International by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,815 shares of the construction company's stock valued at $35,229,000 after purchasing an additional 1,158 shares during the period. Finally, New York State Teachers Retirement System raised its stake in Lennox International by 1.2% during the 1st quarter. New York State Teachers Retirement System now owns 31,730 shares of the construction company's stock valued at $17,795,000 after purchasing an additional 387 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.

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.