Lennox International (NYSE:LII) Price Target Raised to $691.00

Lennox International (NYSE:LII - Get Free Report) had its price target hoisted by stock analysts at The Goldman Sachs Group from $619.00 to $691.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. The Goldman Sachs Group's price objective would suggest a potential upside of 11.76% from the company's current price.

Other research analysts have also issued reports about the company. Barclays lowered their price objective on Lennox International from $702.00 to $696.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group decreased their target price on Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company boosted their target price on Lennox International from $500.00 to $550.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Morgan Stanley decreased their target price on Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Finally, Oppenheimer raised Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 target price for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $595.23.

Lennox International Trading Up 0.1%

NYSE:LII traded up $0.92 during trading hours on Tuesday, hitting $618.30. 149,305 shares of the company were exchanged, compared to its average volume of 364,572. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. Lennox International has a one year low of $500.10 and a one year high of $682.50. The company has a fifty day simple moving average of $572.69 and a 200 day simple moving average of $584.82.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $3.47 EPS. Lennox International's revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts expect that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International declared that its Board of Directors has authorized a share repurchase program on Thursday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Lennox International

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

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Lennox International by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock worth $542,374,000 after purchasing an additional 317,937 shares during the period. GAMMA Investing LLC raised its holdings in shares of Lennox International by 69,429.8% in the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after purchasing an additional 356,175 shares during the period. Amundi raised its holdings in shares of Lennox International by 33.1% in the 1st quarter. Amundi now owns 189,571 shares of the construction company's stock worth $103,661,000 after purchasing an additional 47,170 shares during the period. Captrust Financial Advisors raised its holdings in shares of Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after purchasing an additional 78,406 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after purchasing an additional 50,188 shares during the period. 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.