Stephens Reiterates "Overweight" Rating for Lennox International (NYSE:LII)

Stephens reissued their overweight rating on shares of Lennox International (NYSE:LII - Free Report) in a research note released on Thursday morning, Benzinga reports. Stephens currently has a $550.00 price target on the construction company's stock.

A number of other brokerages have also weighed in on LII. JPMorgan Chase & Co. boosted their price objective on Lennox International from $350.00 to $360.00 and gave the stock an underweight rating in a research report on Thursday. StockNews.com lowered Lennox International from a buy rating to a hold rating in a research report on Friday, February 9th. TD Cowen boosted their price objective on Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on Lennox International in a report on Thursday, February 1st. They set a buy rating and a $523.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Lennox International from $545.00 to $520.00 and set an overweight rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $482.31.

Lennox International Price Performance

Shares of LII traded up $7.79 during midday trading 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 one year low of $256.74 and a one year high of $501.72. The company's fifty day simple moving average is $471.81 and its two-hundred day simple moving average is $434.88. The company has a quick ratio of 0.72, a current ratio of 1.41 and a debt-to-equity ratio of 4.01. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.30. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, equities analysts expect that Lennox International will post 19.74 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 0.93%. Lennox International's payout ratio is 26.60%.

Insider Activity at Lennox International

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the 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 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 document filed with the SEC, which is available at this hyperlink. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the 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 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in LII. iA Global Asset Management Inc. purchased a new stake in shares of Lennox International in the third quarter worth $8,067,000. Eagle Asset Management Inc. bought a new position in Lennox International in the fourth quarter valued at $5,795,000. DNB Asset Management AS bought a new position in Lennox International in the fourth quarter valued at $5,393,000. Russell Investments Group Ltd. increased its stake in Lennox International by 33.6% in 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Lennox International by 87.6% in the fourth quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company's stock valued at $8,089,000 after acquiring an additional 8,441 shares during the last quarter. Hedge funds and other institutional investors 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.