Lennox International (NYSE:LII) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Lennox International (NYSE:LII - Get Free Report) had its target price increased by The Goldman Sachs Group from $619.00 to $691.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. The Goldman Sachs Group's target price would indicate a potential upside of 13.23% from the company's current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada upped their price objective on shares of Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a research note on Thursday, April 24th. UBS Group dropped their price objective on shares of Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Robert W. Baird dropped their price objective on shares of Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Barclays dropped their price objective on shares of Lennox International from $702.00 to $696.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Lennox International currently has a consensus rating of "Hold" and an average price target of $595.23.

Lennox International Price Performance

Shares of LII stock traded up $7.87 on Tuesday, reaching $610.25. 36,169 shares of the company were exchanged, compared to its average volume of 363,843. The company has a market cap of $21.66 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 2.07 and a beta of 1.13. The business has a 50-day moving average price of $571.47 and a 200 day moving average price of $584.87. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 1.43. Lennox International has a 1 year low of $500.10 and a 1 year high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $3.25 by $0.12. Lennox International had a net margin of 14.96% and a return on equity of 106.05%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1 billion. During the same quarter in the previous year, the company earned $3.47 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Lennox International will post 22.94 earnings per share for the current fiscal year.

Lennox International announced that its board has initiated a share buyback program on Thursday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Lennox International

In other Lennox International news, CAO Chris Kosel sold 509 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total transaction of $289,137.45. Following the sale, the chief accounting officer directly owned 1,582 shares in the company, valued at $898,655.10. This represents a 24.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently added to or reduced their stakes in the business. City Holding Co. acquired a new stake in Lennox International during the 1st quarter worth approximately $35,000. Sentry Investment Management LLC purchased a new position in Lennox International in the first quarter valued at $43,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Lennox International by 175.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock valued at $46,000 after buying an additional 51 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Lennox International by 50.8% during the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock worth $60,000 after buying an additional 33 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in shares of Lennox International during the 1st quarter worth about $114,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.