Lennox International (NYSE:LII) had its price target increased by equities research analysts at Credit Suisse Group from $286.00 to $308.00 in a report released on Tuesday, The Fly reports. The firm presently has an "underperform" rating on the construction company's stock. Credit Suisse Group's price target points to a potential downside of 7.37% from the stock's previous close.
LII has been the topic of a number of other reports. Morgan Stanley increased their price objective on shares of Lennox International from $258.00 to $280.00 and gave the stock an "underweight" rating in a research report on Tuesday. Barclays increased their price objective on shares of Lennox International from $315.00 to $340.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Jefferies Financial Group upped their target price on shares of Lennox International from $295.00 to $300.00 and gave the stock a "hold" rating in a research note on Friday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Lennox International from $310.00 to $347.00 and gave the stock a "hold" rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company currently has an average rating of "Hold" and a consensus price target of $281.42.
Shares of NYSE LII opened at $332.49 on Tuesday. The firm's 50-day moving average price is $316.46 and its 200-day moving average price is $292.24. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 35.83 and a beta of 0.81. Lennox International has a 12-month low of $173.24 and a 12-month high of $348.25.
Lennox International (NYSE:LII) last announced its earnings results on Sunday, April 25th. The construction company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $1.02. Lennox International had a net margin of 9.95% and a negative return on equity of 176.45%. The firm had revenue of $930.50 million for the quarter, compared to analysts' expectations of $788.99 million. During the same period in the prior year, the company earned $0.56 EPS. The business's revenue was up 28.6% compared to the same quarter last year. On average, equities analysts forecast that Lennox International will post 9.69 EPS for the current fiscal year.
In other Lennox International news, CEO Todd M. Bluedorn sold 7,841 shares of the firm's stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $302.28, for a total value of $2,370,177.48. Following the completion of the sale, the chief executive officer now directly owns 96,105 shares in the company, valued at $29,050,619.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel M. Sessa sold 1,872 shares of the firm's stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $301.65, for a total transaction of $564,688.80. Following the completion of the sale, the executive vice president now owns 47,286 shares of the company's stock, valued at $14,263,821.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,676 shares of company stock worth $5,076,777. Insiders own 3.40% of the company's stock.
A number of institutional investors and hedge funds have recently made changes to their positions in LII. Lazard Asset Management LLC boosted its stake in Lennox International by 2,211.2% in the fourth quarter. Lazard Asset Management LLC now owns 132,894 shares of the construction company's stock valued at $36,408,000 after acquiring an additional 127,144 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Lennox International by 85.1% in the fourth quarter. Schroder Investment Management Group now owns 273,597 shares of the construction company's stock worth $74,957,000 after buying an additional 125,821 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Lennox International by 42.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 148,668 shares of the construction company's stock worth $40,731,000 after buying an additional 44,407 shares during the last quarter. Nixon Capital LLC purchased a new position in shares of Lennox International in the fourth quarter worth $3,534,000. Finally, Tudor Investment Corp Et Al raised its holdings in shares of Lennox International by 417.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 12,007 shares of the construction company's stock worth $3,290,000 after buying an additional 9,686 shares during the last quarter. Institutional investors own 66.33% of the company's stock.
Lennox International Company Profile
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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