Lennox International (NYSE:LII) Price Target Raised to $540.00 at Mizuho

Lennox International (NYSE:LII - Free Report) had its target price upped by Mizuho from $490.00 to $540.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a buy rating on the construction company's stock.

Other equities research analysts have also recently issued reports about the stock. Stephens upgraded shares of Lennox International from an equal weight rating to an overweight rating and increased their price objective for the stock from $415.00 to $550.00 in a research report on Monday, December 11th. Wells Fargo & Company raised their price target on shares of Lennox International from $410.00 to $491.00 and gave the company an overweight rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. lowered Lennox International from a neutral rating to an underweight rating and decreased their price objective for the stock from $370.00 to $330.00 in a report on Thursday, February 1st. StockNews.com lowered Lennox International from a buy rating to a hold rating in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a report on Thursday, February 1st. They set a buy rating and a $523.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $456.25.

Lennox International Trading Down 0.8 %

NYSE:LII traded down $3.95 on Monday, hitting $484.81. 145,755 shares of the stock were exchanged, compared to its average volume of 267,261. The stock has a fifty day moving average of $460.58 and a 200-day moving average of $423.54. Lennox International has a fifty-two week low of $232.00 and a fifty-two week high of $501.72. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. The stock has a market cap of $17.25 billion, a PE ratio of 29.31, a PEG ratio of 3.54 and a beta of 1.02.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, topping analysts' consensus estimates of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, equities analysts expect that Lennox International will post 19.73 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, March 27th. Lennox International's dividend payout ratio is 26.60%.

Insider Transactions at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company's stock, valued at $11,566,818.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Gary S. Bedard sold 1,849 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the transaction, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. Company insiders own 2.83% of the company's stock.

Hedge Funds Weigh In On Lennox International

Several institutional investors have recently added to or reduced their stakes in LII. Tobam grew its holdings in Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company's stock worth $39,000 after buying an additional 82 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Lennox International in the fourth quarter valued at approximately $42,000. GAMMA Investing LLC acquired a new position in shares of Lennox International during the 4th quarter worth $80,000. UniSuper Management Pty Ltd bought a new position in shares of Lennox International in the second quarter worth about $98,000. Finally, Lazard Asset Management LLC boosted its position in Lennox International by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 659 shares of the construction company's stock valued at $157,000 after buying an additional 191 shares in the last quarter. 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.