Lennox International (NYSE:LII) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Lennox International (NYSE:LII - Get Free Report) had its target price increased by research analysts at Wells Fargo & Company from $500.00 to $550.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the construction company's stock. Wells Fargo & Company's price objective suggests a potential downside of 8.14% from the company's current price.

Several other brokerages also recently commented on LII. Royal Bank Of Canada increased their price objective on shares of Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a research report on Thursday, April 24th. UBS Group decreased their target price on Lennox International from $625.00 to $570.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Oppenheimer upgraded Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 target price for the company in a research report on Thursday, April 24th. Morgan Stanley decreased their price target 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $586.31.

Lennox International Price Performance

LII stock traded up $25.51 during mid-day trading on Tuesday, hitting $598.75. 529,209 shares of the stock were exchanged, compared to its average volume of 363,496. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.11 and a beta of 1.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.74. Lennox International has a 12 month low of $500.10 and a 12 month high of $682.50. The business has a fifty day moving average price of $562.12 and a 200 day moving average price of $586.16.

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

Lennox International announced that its Board of Directors has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Activity

In other news, CAO Chris Kosel sold 509 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the sale, the chief accounting officer directly owned 1,582 shares in the company, valued at $898,655.10. This represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in LII. City Holding Co. bought a new stake in shares of Lennox International in the first quarter worth $35,000. Sentry Investment Management LLC bought a new position in shares of Lennox International in the first quarter worth $43,000. Bessemer Group Inc. raised its position in shares of Lennox International by 50.8% during the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock worth $60,000 after buying an additional 33 shares in the last quarter. Private Trust Co. NA boosted its stake in Lennox International by 62.5% during the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock valued at $71,000 after purchasing an additional 45 shares in the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in Lennox International during the first quarter worth about $114,000. 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.