Lennox International - LII Stock Forecast, Price & News

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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment and accessories, comfort control products, and replacement parts and supplies for residential replacement and new construction markets. The Commercial Heating & Cooling segment offers unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, and variable refrigerant flow commercial products for light commercial markets. The Refrigeration segment offers condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, and refrigeration rack systems for preserving food and other perishables in supermarkets, convenience stores, restaurants, warehouses, and distribution centers, as well as for data centers, machine tooling, and other cooling applications; and compressor racks and industrial process chillers. The company sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. Lennox International Inc. was founded in 1895 and is headquartered in Richardson, Texas.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LII shares. Cowen upgraded shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Friday, July 8th. The Goldman Sachs Group decreased their target price on shares of Lennox International from $248.00 to $190.00 and set a "sell" rating on the stock in a research report on Thursday, June 23rd. Credit Suisse Group set a $210.00 price target on shares of Lennox International in a report on Tuesday, July 19th. Stephens cut their price target on shares of Lennox International from $335.00 to $275.00 and set an "equal weight" rating for the company in a report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Lennox International from $335.00 to $292.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Lennox International presently has an average rating of "Hold" and a consensus price target of $243.10.

Lennox International Trading Up 4.2 %

NYSE:LII traded up $10.48 on Friday, hitting $261.81. The company had a trading volume of 313,345 shares, compared to its average volume of 278,993. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.39 and a beta of 0.95. The firm has a 50 day moving average of $217.54 and a two-hundred day moving average of $236.30. Lennox International has a 52 week low of $182.85 and a 52 week high of $342.12.

Lennox International (NYSE:LII - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The construction company reported $5.00 EPS for the quarter, beating the consensus estimate of $4.74 by $0.26. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lennox International had a net margin of 10.69% and a negative return on equity of 134.81%. The firm's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.57 EPS. As a group, equities analysts forecast that Lennox International will post 14.23 EPS for the current year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, August 30th. Lennox International's payout ratio is 32.79%.

Insider Activity

In other news, EVP Daniel M. Sessa sold 2,213 shares of the firm's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $243.40, for a total transaction of $538,644.20. Following the completion of the transaction, the executive vice president now owns 44,156 shares of the company's stock, valued at $10,747,570.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Chris Kosel sold 200 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $205.16, for a total transaction of $41,032.00. Following the completion of the transaction, the chief accounting officer now owns 2,297 shares of the company's stock, valued at $471,252.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel M. Sessa sold 2,213 shares of the firm's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $243.40, for a total transaction of $538,644.20. Following the transaction, the executive vice president now directly owns 44,156 shares of the company's stock, valued at approximately $10,747,570.40. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.