Lennox International (NYSE:LII) Price Target Increased to $510.00 by Analysts at Royal Bank of Canada

Lennox International (NYSE:LII - Get Free Report) had its target price upped by investment analysts at Royal Bank of Canada from $481.00 to $510.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "sector perform" rating on the construction company's stock. Royal Bank of Canada's price target would indicate a potential upside of 7.22% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lennox International in a report on Thursday, February 1st. They issued a "buy" rating and a $523.00 target price on the stock. Barclays increased their price target 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. Wells Fargo & Company lowered their price target on shares of Lennox International from $545.00 to $520.00 and set an "overweight" rating on the stock in a report on Thursday. StockNews.com cut shares of Lennox International from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, TD Cowen increased their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $482.31.

Lennox International Stock Up 1.7 %

Shares of Lennox International stock traded up $7.79 during trading hours on Thursday, reaching $475.64. 532,173 shares of the company's stock were exchanged, compared to its average volume of 273,452. The company has a 50 day moving average of $471.81 and a two-hundred day moving average of $434.88. Lennox International has a fifty-two week low of $256.74 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 $16.94 billion, a P/E ratio of 28.76, a P/E/G ratio of 2.34 and a beta of 1.02.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.17 by $0.30. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. On average, sell-side analysts forecast that Lennox International will post 19.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lennox International 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 in the company, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary S. Bedard sold 1,849 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by company insiders.

Institutional Trading of Lennox International

A number of hedge funds have recently added to or reduced their stakes in LII. Tobam boosted its position in Lennox International by 1,640.0% in the fourth quarter. Tobam now owns 87 shares of the construction company's stock valued at $39,000 after buying an additional 82 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Lennox International during the first quarter valued at $41,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Lennox International during the fourth quarter valued at $42,000. GAMMA Investing LLC bought a new position in shares of Lennox International during the fourth quarter valued at $80,000. Finally, V Square Quantitative Management LLC raised its stake in shares of Lennox International by 66.0% during the fourth quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company's stock valued at $158,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company's stock.

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.