Lennox International (NYSE:LII) Stock Price Expected to Rise, Oppenheimer Analyst Says

Lennox International (NYSE:LII - Get Free Report) had its price target lifted by equities researchers at Oppenheimer from $650.00 to $730.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the construction company's stock. Oppenheimer's target price would indicate a potential upside of 9.71% from the company's previous close.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company increased their price objective on Lennox International from $550.00 to $675.00 and gave the company an "underweight" rating in a report on Thursday. UBS Group cut their price target on Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut their price target on Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada upped their price target on Lennox International from $580.00 to $582.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 24th. Finally, Robert W. Baird upped their price target on Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $626.50.

Lennox International Stock Up 0.7%

LII traded up $4.61 on Thursday, reaching $665.41. The company's stock had a trading volume of 161,596 shares, compared to its average volume of 408,985. The stock has a 50 day moving average of $578.01 and a two-hundred day moving average of $584.13. The company has a quick ratio of 0.74, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $23.62 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 2.15 and a beta of 1.13. Lennox International has a fifty-two week low of $500.10 and a fifty-two week high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 106.05% and a net margin of 14.96%. The company's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $6.83 earnings per share. As a group, analysts forecast that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 509 shares of the firm's stock in a transaction 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 completion of the transaction, the chief accounting officer owned 1,582 shares in the company, valued at $898,655.10. This trade represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Lennox International

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Lennox International by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock worth $542,374,000 after acquiring an additional 317,937 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Lennox International by 69,429.8% in the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after acquiring an additional 356,175 shares during the last quarter. Amundi boosted its position in shares of Lennox International by 33.1% in the first quarter. Amundi now owns 189,571 shares of the construction company's stock worth $103,661,000 after acquiring an additional 47,170 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after acquiring an additional 78,406 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares in the last quarter. 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.

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