Lennox International (NYSE:LII) Price Target Raised to $675.00

Lennox International (NYSE:LII - Get Free Report) had its price objective upped by analysts at Wells Fargo & Company from $550.00 to $675.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "underweight" rating on the construction company's stock. Wells Fargo & Company's price objective suggests a potential upside of 1.01% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Barclays lifted their price target on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research note on Thursday. Royal Bank Of Canada upped their price target on shares of Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research report on Friday, May 16th. Oppenheimer boosted their price objective on shares of Lennox International from $600.00 to $650.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group boosted their price objective 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $619.83.

Lennox International Price Performance

Shares of Lennox International stock traded up $7.44 during trading on Thursday, hitting $668.24. The stock had a trading volume of 101,625 shares, compared to its average volume of 408,537. Lennox International has a 12 month low of $500.10 and a 12 month high of $689.44. The business's 50-day moving average is $578.01 and its 200 day moving average is $584.13. The firm has a market cap of $23.72 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 2.15 and a beta of 1.13. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 14.96% and a return on equity of 106.05%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $6.83 earnings per share. As a group, sell-side analysts anticipate that Lennox International will post 22.94 earnings per share for the current year.

Lennox International declared that its board has initiated a stock buyback 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 509 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the transaction, the chief accounting officer directly owned 1,582 shares of the company's stock, valued at approximately $898,655.10. This trade represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently bought and sold shares of LII. City Holding Co. acquired a new stake in shares of Lennox International during the first quarter valued at about $35,000. Sentry Investment Management LLC acquired a new position in shares of Lennox International in the first quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Lennox International by 175.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock valued at $46,000 after purchasing an additional 51 shares in the last quarter. Bessemer Group Inc. grew 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 in the last quarter. Finally, Steph & Co. acquired a new position in shares of Lennox International in the second quarter valued at approximately $80,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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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