Lennox International (NYSE:LII) Price Target Raised to $668.00 at Robert W. Baird

Lennox International (NYSE:LII - Get Free Report) had its target price upped by equities researchers at Robert W. Baird from $600.00 to $668.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. Robert W. Baird's price objective indicates a potential upside of 9.68% from the company's current price.

Other analysts have also recently issued research reports about the company. Oppenheimer increased their price objective on Lennox International from $600.00 to $650.00 and gave the stock an "outperform" rating in a report on Thursday. Royal Bank Of Canada increased their price objective on Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a research report on Thursday, April 24th. Morgan Stanley cut their price objective on Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company raised their target price on Lennox International from $500.00 to $550.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Finally, Barclays lowered their target price on Lennox International from $702.00 to $696.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $604.31.

Lennox International Trading Up 2.0%

Shares of Lennox International stock traded up $11.88 during midday trading on Thursday, reaching $609.04. The company had a trading volume of 56,414 shares, compared to its average volume of 364,301. The firm has a market cap of $21.61 billion, a PE ratio of 27.12, a P/E/G ratio of 2.10 and a beta of 1.13. The stock has a fifty day moving average price of $576.16 and a 200 day moving average price of $584.29. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.74. Lennox International has a fifty-two week low of $500.10 and a fifty-two week high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Lennox International had a return on equity of 106.05% and a net margin of 14.96%. Lennox International's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.47 earnings per share. On average, equities analysts anticipate that Lennox International will post 22.94 earnings per share for the current year.

Lennox International announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 509 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total value of $289,137.45. Following the sale, the chief accounting officer directly owned 1,582 shares in the company, valued at approximately $898,655.10. This represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently modified their holdings of LII. City Holding Co. bought a new position in Lennox International in the first quarter worth approximately $35,000. Sentry Investment Management LLC bought a new position in Lennox International in the first quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Lennox International by 175.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock valued at $46,000 after acquiring an additional 51 shares in the last quarter. Bessemer Group Inc. boosted its position in Lennox International by 50.8% during the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock valued at $60,000 after acquiring an additional 33 shares in the last quarter. Finally, Steph & Co. bought a new stake in Lennox International during the 2nd quarter valued at $80,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

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