Lennox International (NYSE:LII) PT Lowered to $520.00

Lennox International (NYSE:LII - Get Free Report) had its target price decreased by Wells Fargo & Company from $545.00 to $520.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's target price points to a potential upside of 9.33% from the stock's current price.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Lennox International in a research note on Thursday, February 1st. They issued a "buy" rating and a $523.00 price objective on the stock. Barclays raised their price objective on shares of Lennox International from $450.00 to $500.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 2nd. StockNews.com lowered Lennox International from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. UBS Group raised their price target on Lennox International from $450.00 to $485.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Mizuho upped their price objective on Lennox International from $490.00 to $540.00 and gave the company a "buy" rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $482.31.

Lennox International Price Performance

NYSE:LII traded up $7.79 during trading hours on Thursday, hitting $475.64. The company's stock had a trading volume of 532,173 shares, compared to its average volume of 273,452. Lennox International has a 52-week low of $256.74 and a 52-week high of $501.72. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41. The business's 50-day moving average is $471.81 and its two-hundred day moving average is $434.88. The company has a market capitalization of $16.94 billion, a PE ratio of 28.76, a PEG ratio of 2.34 and a beta of 1.02.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share 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 business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.05 billion. As a group, research analysts anticipate that Lennox International will post 19.74 EPS for the current fiscal year.

Insider Activity

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 24,533 shares of the company's stock, valued at approximately $11,566,818.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Gary S. Bedard sold 1,849 shares of Lennox International 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 24,533 shares of the company's stock, valued at $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

A number of institutional investors have recently added to or reduced their stakes in LII. Desjardins Global Asset Management Inc. raised its position in shares of Lennox International by 1.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company's stock valued at $1,945,000 after purchasing an additional 41 shares in the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of Lennox International by 14.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company's stock valued at $289,000 after buying an additional 79 shares during the period. Tobam grew its position in shares of Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company's stock valued at $39,000 after buying an additional 82 shares during the last quarter. Rise Advisors LLC acquired a new position in Lennox International during the 1st quarter valued at approximately $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Lennox International during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 67.07% of the company's stock.

About Lennox International

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.