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 brokerages recently issued reports on LII. Barclays lowered their price objective on Lennox International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 8th. Cowen upgraded Lennox International from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research note on Friday, July 8th. Morgan Stanley boosted their price objective on Lennox International from $222.00 to $255.00 and gave the company an "equal weight" rating in a research note on Monday, August 1st. The Goldman Sachs Group lowered their price objective on Lennox International from $248.00 to $190.00 and set a "sell" rating on the stock in a research note on Thursday, June 23rd. Finally, Credit Suisse Group set a $210.00 target price on Lennox International in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Lennox International presently has an average rating of "Hold" and an average price target of $243.10.

Lennox International Trading Up 4.2 %

Shares of NYSE:LII traded up $10.48 during midday trading on Friday, hitting $261.81. 313,345 shares of the company's stock were exchanged, compared to its average volume of 278,993. Lennox International has a 12-month low of $182.85 and a 12-month high of $342.12. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.34 and a beta of 0.95. The business's fifty day moving average price is $217.54 and its two-hundred day moving average price is $236.57.

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, topping the consensus estimate of $4.74 by $0.26. Lennox International had a negative return on equity of 134.81% and a net margin of 10.69%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $4.57 earnings per share. Lennox International's revenue was up 10.3% on a year-over-year basis. Equities analysts expect that Lennox International will post 14.23 earnings per share for the current fiscal year.

Lennox International Announces Dividend

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

Insider Transactions at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $205.16, for a total value of $41,032.00. Following the completion of the sale, the chief accounting officer now owns 2,297 shares of the company's stock, valued at $471,252.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lennox International news, CAO Chris Kosel sold 200 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $205.16, for a total value of $41,032.00. Following the completion of the sale, the chief accounting officer now owns 2,297 shares of the company's stock, valued at $471,252.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel M. Sessa sold 2,213 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $243.40, for a total value of $538,644.20. Following the completion of the sale, 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. 2.80% of the stock is owned by insiders.