Weiss Ratings Reaffirms "Buy (B-)" Rating for Lennox International (NYSE:LII)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Lennox International, signaling confidence in the company's stock performance.
• The stock price target estimates for Lennox International vary among brokerages, with Goldman Sachs setting a target of $691, while Wells Fargo reduced their target to $575.
• Lennox International reported $7.82 EPS for the last quarter, exceeding analyst expectations and indicating a 3.4% increase in revenue year-over-year.

Lennox International (NYSE:LII - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on LII. Robert W. Baird upped their target price on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. The Goldman Sachs Group increased their price target on Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company upgraded Lennox International from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $675.00 to $575.00 in a report on Monday. Barclays lowered their price target on Lennox International from $753.00 to $730.00 and set an "overweight" rating for the company in a report on Tuesday, September 16th. Finally, UBS Group lowered their price target on Lennox International from $676.00 to $610.00 and set a "neutral" rating for the company in a report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $615.00.

Lennox International Stock Up 2.4%

Shares of NYSE:LII opened at $554.97 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $564.70 and a two-hundred day moving average of $570.21. The stock has a market cap of $19.49 billion, a P/E ratio of 23.73, a PEG ratio of 1.91 and a beta of 1.10. Lennox International has a 52-week low of $500.10 and a 52-week high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.90 by $0.92. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. On average, research analysts expect that Lennox International will post 22.94 earnings per share for the current year.

Insider Activity

In related news, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the transaction, the executive vice president owned 31,574 shares of the company's stock, valued at approximately $21,155,842.96. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Kosel sold 300 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the transaction, the chief accounting officer directly owned 1,282 shares in the company, valued at approximately $758,764.52. The trade was a 18.96% decrease in their position. The disclosure for this sale can be found here. 9.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently bought and sold shares of LII. Ameriprise Financial Inc. raised its position in Lennox International by 296.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company's stock valued at $41,168,000 after purchasing an additional 53,679 shares in the last quarter. Russell Investments Group Ltd. raised its position in Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares in the last quarter. Amundi raised its position in Lennox International by 33.1% in the 1st quarter. Amundi now owns 189,571 shares of the construction company's stock valued at $103,661,000 after purchasing an additional 47,170 shares in the last quarter. SG Americas Securities LLC raised its position in Lennox International by 1,402.7% in the 2nd quarter. SG Americas Securities LLC now owns 31,783 shares of the construction company's stock valued at $18,219,000 after purchasing an additional 29,668 shares in the last quarter. Finally, Jump Financial LLC raised its position in Lennox International by 3,851.0% in the 1st quarter. Jump Financial LLC now owns 20,545 shares of the construction company's stock valued at $11,522,000 after purchasing an additional 20,025 shares in the last quarter. Institutional investors and hedge funds 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.

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