Barclays Raises Lennox International (NYSE:LII) Price Target to $500.00

Lennox International (NYSE:LII - Free Report) had its price objective lifted by Barclays from $450.00 to $500.00 in a report published on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the construction company's stock.

LII has been the topic of a number of other reports. StockNews.com cut shares of Lennox International from a buy rating to a hold rating in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a research note on Thursday, February 1st. They set a buy rating and a $523.00 price objective for the company. TD Cowen increased their price objective on Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research note on Wednesday, March 6th. Royal Bank of Canada increased their price objective on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered Lennox International from a neutral rating to an underweight rating and dropped their price objective for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Lennox International currently has a consensus rating of Moderate Buy and a consensus price target of $469.08.

Lennox International Price Performance

NYSE LII traded down $6.04 on Tuesday, reaching $478.12. 212,364 shares of the company's stock traded hands, compared to its average volume of 266,389. Lennox International has a 12 month low of $232.00 and a 12 month high of $501.72. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. The stock has a 50-day simple moving average of $460.58 and a 200 day simple moving average of $423.54. The stock has a market cap of $17.02 billion, a PE ratio of 28.93, a P/E/G ratio of 3.54 and a beta of 1.02.

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

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, March 27th. Lennox International's dividend payout ratio is currently 26.60%.

Insider Buying and Selling at Lennox International

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

Hedge Funds Weigh In On Lennox International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Lennox International by 3.0% during the first quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company's stock valued at $123,003,000 after acquiring an additional 14,062 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Lennox International by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company's stock valued at $89,973,000 after acquiring an additional 10,227 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Lennox International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company's stock valued at $30,026,000 after acquiring an additional 1,653 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Lennox International by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 51,456 shares of the construction company's stock valued at $19,267,000 after acquiring an additional 701 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Lennox International by 33.6% during the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company's stock valued at $19,711,000 after acquiring an additional 11,077 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

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.