Lennox International (NYSE:LII) Given New $550.00 Price Target at Wells Fargo & Company

Lennox International (NYSE:LII - Get Free Report) had its price target boosted by stock analysts at Wells Fargo & Company from $500.00 to $550.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the construction company's stock. Wells Fargo & Company's price objective would indicate a potential downside of 8.97% from the stock's previous close.

LII has been the subject of several other reports. Oppenheimer upgraded shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a report on Thursday, April 24th. Morgan Stanley decreased their target price on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Robert W. Baird dropped their price target on shares of Lennox International from $608.00 to $600.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. UBS Group lowered 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. Finally, Barclays decreased their price target 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 issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $586.31.

Lennox International Trading Up 0.4%

Shares of NYSE:LII traded up $2.12 during mid-day trading on Tuesday, hitting $604.22. The stock had a trading volume of 155,641 shares, compared to its average volume of 363,526. The company's 50 day moving average is $567.94 and its 200-day moving average is $585.55. Lennox International has a 12-month low of $500.10 and a 12-month high of $682.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 1.43. The company has a market cap of $21.44 billion, a PE ratio of 26.93, a P/E/G ratio of 2.10 and a beta of 1.13.

Lennox International (NYSE:LII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.25 by $0.12. Lennox International had a return on equity of 106.05% and a net margin of 14.96%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.47 earnings per share. On average, sell-side analysts predict that Lennox International will post 22.94 EPS for the current year.

Lennox International announced that its board has authorized 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 shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

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 completion of the transaction, the chief accounting officer directly owned 1,582 shares of the company's stock, valued at approximately $898,655.10. This represents a 24.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.73% of the company's stock.

Institutional Investors Weigh In On Lennox International

Several institutional investors and hedge funds have recently made changes to their positions in LII. AG2R LA Mondiale Gestion D Actifs bought a new position in Lennox International in the 1st quarter valued at $1,389,000. Strs Ohio bought a new position in shares of Lennox International during the first quarter worth $1,419,000. United Services Automobile Association bought a new position in shares of Lennox International during the 1st quarter valued at about $410,000. Amundi boosted its holdings in shares of Lennox International by 33.1% in the first quarter. Amundi now owns 189,571 shares of the construction company's stock valued at $103,661,000 after buying an additional 47,170 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Lennox International by 25.3% in the 1st quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company's stock valued at $51,369,000 after purchasing an additional 18,502 shares during the period. Institutional investors and hedge funds own 67.07% of the company's stock.

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.