Lennox International (NYSE:LII) Raised to "Equal Weight" at Wells Fargo & Company

Key Points

• Lennox International was upgraded from an "underweight" rating to an "equal weight" rating by Wells Fargo, with a new price target of $575.00, down from $675.00.
• The company recently posted quarterly earnings of $7.82 per share, exceeding analysts' expectations of $6.90, with year-over-year revenue growth of 3.4%.
• Currently, Lennox International has a consensus rating of "Hold" among analysts, with five rated as "Buy", six as "Hold", and three as "Sell".

Lennox International (NYSE:LII - Get Free Report) was upgraded by research analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating in a report issued on Monday,Benzinga reports. The firm currently has a $575.00 price objective on the construction company's stock, down from their previous price objective of $675.00. Wells Fargo & Company's price target points to a potential upside of 4.49% from the company's current price.

Several other equities analysts have also recently issued reports on the company. Barclays dropped their price target on Lennox International from $753.00 to $730.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 16th. UBS Group decreased their price target on Lennox International from $676.00 to $610.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lennox International in a research note on Saturday, September 27th. The Goldman Sachs Group boosted their target price on Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Robert W. Baird raised their price target on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Lennox International has a consensus rating of "Hold" and an average target price of $615.00.

Lennox International Stock Up 0.7%

LII stock opened at $550.32 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. The company's 50 day moving average is $569.88 and its two-hundred day moving average is $570.62. The stock has a market cap of $19.33 billion, a P/E ratio of 23.53, a PEG ratio of 1.94 and a beta of 1.10. 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 issued its quarterly earnings data 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. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the business earned $6.83 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Research analysts expect that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction that occurred on Friday, August 22nd. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the completion of the sale, the executive vice president directly owned 31,574 shares of the company's stock, valued at $21,155,842.96. The trade was a 8.10% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company's stock.

Institutional Trading of Lennox International

A number of institutional investors have recently added to or reduced their stakes in the business. AdvisorShares Investments LLC purchased a new position in Lennox International in the second quarter valued at about $25,000. City Holding Co. purchased a new stake in shares of Lennox International during the 1st quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 worth $46,000 after acquiring an additional 51 shares in the last quarter. Whittier Trust Co. lifted its position in 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 acquiring an additional 45 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Lennox International in the 2nd quarter worth approximately $54,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.

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