Lennox International Inc. (NYSE:LII) Given Average Recommendation of “Hold” by Brokerages

Lennox International Inc. (NYSE:LIIGet Rating) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $304.43.

A number of analysts have commented on LII shares. Morgan Stanley lowered their target price on shares of Lennox International from $271.00 to $253.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Lennox International from $394.00 to $334.00 and set a “buy” rating for the company in a report on Thursday, April 14th. StockNews.com started coverage on shares of Lennox International in a report on Thursday, March 31st. They set a “hold” rating for the company. Barclays lowered their target price on shares of Lennox International from $315.00 to $300.00 and set an “equal weight” rating for the company in a report on Monday, April 4th. Finally, TheStreet lowered shares of Lennox International from a “b-” rating to a “c+” rating in a report on Wednesday, February 16th.

LII stock opened at $238.94 on Tuesday. The company has a 50 day moving average price of $259.36 and a 200 day moving average price of $288.65. Lennox International has a fifty-two week low of $232.00 and a fifty-two week high of $356.36. The stock has a market capitalization of $8.61 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.88.

Lennox International (NYSE:LIIGet Rating) last posted its quarterly earnings data on Monday, April 25th. The construction company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.37. Lennox International had a net margin of 11.06% and a negative return on equity of 192.84%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $977.60 million. During the same quarter in the previous year, the company posted $2.27 EPS. Lennox International’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Lennox International will post 14.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, March 30th. Lennox International’s dividend payout ratio (DPR) is 29.70%.

In related news, CEO Todd M. Bluedorn sold 9,298 shares of the company’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $268.86, for a total value of $2,499,860.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel M. Sessa sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $268.12, for a total transaction of $536,240.00. The disclosure for this sale can be found here. Insiders sold a total of 13,311 shares of company stock valued at $3,561,574 in the last three months. 3.40% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of LII. Eagle Bay Advisors LLC bought a new stake in Lennox International during the 3rd quarter worth about $27,000. Sageworth Trust Co of South Dakota bought a new stake in Lennox International during the 4th quarter worth about $36,000. NuWave Investment Management LLC lifted its position in Lennox International by 82.1% during the 1st quarter. NuWave Investment Management LLC now owns 173 shares of the construction company’s stock worth $45,000 after buying an additional 78 shares in the last quarter. Quent Capital LLC bought a new stake in Lennox International during the 4th quarter worth about $57,000. Finally, Tobam lifted its position in Lennox International by 90.7% during the 1st quarter. Tobam now owns 225 shares of the construction company’s stock worth $58,000 after buying an additional 107 shares in the last quarter. 64.12% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International (Get Rating)

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.

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Analyst Recommendations for Lennox International (NYSE:LII)

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