The Goldman Sachs Group Increases Lennox International (NYSE:LII) Price Target to $691.00

Lennox International (NYSE:LII - Get Free Report) had its target price raised by research analysts at The Goldman Sachs Group from $619.00 to $691.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. The Goldman Sachs Group's price objective would indicate a potential upside of 11.84% from the stock's current price.

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a report on Friday, May 16th. Oppenheimer raised Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price objective on the stock in a report on Thursday, April 24th. Wells Fargo & Company upped their price objective on Lennox International from $500.00 to $550.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. UBS Group cut their price target on Lennox International from $625.00 to $570.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Morgan Stanley cut their price target on Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $595.23.

Lennox International Price Performance

Shares of LII traded up $15.44 during mid-day trading on Tuesday, hitting $617.82. 386,452 shares of the company traded hands, compared to its average volume of 365,400. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 2.09 and a beta of 1.13. The business has a 50-day moving average of $572.69 and a 200 day moving average of $584.82. Lennox International has a one year low of $500.10 and a one year high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.12. Lennox International had a return on equity of 106.05% and a net margin of 14.96%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $3.47 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Lennox International will post 22.94 earnings per share for the current fiscal year.

Lennox International declared that its board has initiated a share buyback program on Thursday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management 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 dated Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total transaction of $289,137.45. Following the completion of the transaction, the chief accounting officer owned 1,582 shares in the company, valued at approximately $898,655.10. This represents a 24.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.73% of the company's stock.

Institutional Investors Weigh In On Lennox International

Several hedge funds have recently bought and sold shares of LII. City Holding Co. acquired a new stake in Lennox International during the first quarter worth approximately $35,000. Sentry Investment Management LLC acquired a new stake in Lennox International during the first quarter worth approximately $43,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Lennox International by 175.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock worth $46,000 after acquiring an additional 51 shares during the last quarter. Bessemer Group Inc. lifted its position in Lennox International by 50.8% during the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock worth $60,000 after acquiring an additional 33 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new stake in Lennox International during the first quarter worth approximately $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.