Lennox International (NYSE:LII) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Lennox International Inc. (NYSE:LII - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $603.32 and traded as high as $605.77. Lennox International shares last traded at $605.33, with a volume of 272,165 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LII shares. Stephens reaffirmed an "overweight" rating and set a $750.00 price target on shares of Lennox International in a research note on Friday, March 7th. Wells Fargo & Company cut their target price on shares of Lennox International from $550.00 to $500.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Mizuho lowered shares of Lennox International from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. UBS Group cut their price objective on Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Robert W. Baird dropped their price target on Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $583.71.

Lennox International Price Performance

The company has a 50 day moving average of $560.98 and a 200 day moving average of $603.32. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 EPS for the quarter, beating analysts' consensus estimates of $3.25 by $0.12. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.47 EPS. As a group, equities research analysts forecast that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. Lennox International's dividend payout ratio is presently 20.50%.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 509 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer now owns 1,582 shares of the company's stock, valued at $898,655.10. This represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.73% of the company's stock.

Institutional Trading of Lennox International

Large investors have recently added to or reduced their stakes in the stock. Eukles Asset Management acquired a new stake in shares of Lennox International in the fourth quarter valued at about $447,000. Jones Financial Companies Lllp grew its position in Lennox International by 487.7% in the fourth quarter. Jones Financial Companies Lllp now owns 429 shares of the construction company's stock valued at $261,000 after acquiring an additional 356 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Lennox International by 46.1% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 10,550 shares of the construction company's stock valued at $6,478,000 after acquiring an additional 3,330 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Lennox International during the fourth quarter valued at approximately $6,164,000. Finally, Allstate Corp purchased a new position in shares of Lennox International in the fourth quarter valued at $572,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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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