Lennox International (NYSE:LII) Price Target Raised to $730.00 at Oppenheimer

Lennox International (NYSE:LII - Get Free Report) had its price objective lifted by analysts at Oppenheimer from $650.00 to $730.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the construction company's stock. Oppenheimer's price objective would indicate a potential upside of 11.50% from the company's current price.

LII has been the topic of several other research reports. Royal Bank Of Canada increased their price target on shares of Lennox International from $580.00 to $582.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 24th. Morgan Stanley dropped their price objective on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research note on Friday, May 16th. UBS Group dropped their price objective on shares of Lennox International from $625.00 to $570.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Barclays raised their price target on shares of Lennox International from $696.00 to $753.00 and gave the company an "overweight" rating in a research note on Thursday. 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 stock. According to data from MarketBeat.com, Lennox International currently has a consensus rating of "Hold" and a consensus target price of $626.50.

Lennox International Stock Down 0.9%

NYSE:LII traded down $6.11 on Thursday, reaching $654.71. The stock had a trading volume of 444,297 shares, compared to its average volume of 410,357. 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 has a 50-day moving average of $581.98 and a 200 day moving average of $584.82. The stock has a market cap of $23.00 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. Lennox International has a 12-month low of $500.10 and a 12-month 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 analysts' consensus estimates of $6.90 by $0.92. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $6.83 EPS. On average, research analysts predict that Lennox International will post 22.94 earnings per share for the current year.

Lennox International announced that its Board of Directors has authorized a share buyback program on Thursday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Daniel M. Sessa sold 2,782 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total value of $1,864,051.28. Following the completion of the transaction, the executive vice president owned 31,574 shares of the company's stock, valued at approximately $21,155,842.96. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Chris Kosel sold 509 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total transaction of $289,137.45. Following the completion of the transaction, the chief accounting officer directly owned 1,582 shares of the company's stock, valued at $898,655.10. This represents a 24.34% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.73% of the company's stock.

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Lennox International by 69,429.8% during the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after purchasing an additional 356,175 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lennox International by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock valued at $542,374,000 after purchasing an additional 317,937 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Lennox International by 500.0% during the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after purchasing an additional 78,406 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Lennox International by 227.4% during the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after purchasing an additional 52,888 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after acquiring an additional 50,188 shares during the period. 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.