KeyCorp Raises Lennox International (NYSE:LII) Price Target to $515.00

Lennox International (NYSE:LII - Get Free Report) had its target price lifted by equities research analysts at KeyCorp from $500.00 to $515.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. KeyCorp's target price suggests a potential upside of 10.43% from the stock's current price.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Lennox International from $491.00 to $545.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. TD Cowen lifted their target price on Lennox International from $450.00 to $505.00 and gave the company an "outperform" rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research note on Thursday, February 1st. They issued a "buy" rating and a $523.00 price target on the stock. Barclays boosted their price objective on shares of Lennox International from $450.00 to $500.00 and gave the company an "equal weight" rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. cut shares of Lennox International from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $370.00 to $330.00 in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $473.67.

Lennox International Trading Down 3.2 %

Lennox International stock traded down $15.26 during trading on Wednesday, reaching $466.37. 241,352 shares of the company were exchanged, compared to its average volume of 262,750. The stock's 50 day simple moving average is $465.15 and its two-hundred day simple moving average is $427.95. The company has a market capitalization of $16.61 billion, a P/E ratio of 29.12, a PEG ratio of 2.38 and a beta of 1.02. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. Lennox International has a 52-week low of $238.51 and a 52-week high of $501.72.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate 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. On average, equities research analysts expect that Lennox International will post 19.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business'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 completion of the transaction, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares of the company's stock, valued at $11,566,818.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction that occurred 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 approximately $9,692,019.35. The disclosure for this sale can be found here. 2.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennox International

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Lennox International by 3.0% in the first quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company's stock valued at $123,003,000 after buying an additional 14,062 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Lennox International by 2.6% in 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 stake 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 worth $30,026,000 after acquiring an additional 1,653 shares during the period. Ameriprise Financial Inc. raised its holdings in Lennox International by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 51,456 shares of the construction company's stock worth $19,267,000 after purchasing an additional 701 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Lennox International by 33.6% during the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company's stock worth $19,711,000 after purchasing an additional 11,077 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.