Lennox International (NYSE:LII) Price Target Cut to $240.00

Lennox International (NYSE:LII – Get Rating) had its price objective dropped by equities research analysts at Barclays from $260.00 to $240.00 in a note issued to investors on Tuesday, The Fly reports. Barclays‘s price target suggests a potential upside of 17.09% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on Lennox International from $394.00 to $334.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. Mizuho lowered their target price on shares of Lennox International from $295.00 to $225.00 and set an “underperform” rating for the company in a research note on Tuesday, April 26th. Morgan Stanley boosted their price target on shares of Lennox International from $253.00 to $254.00 and gave the company an “equal weight” rating in a report on Tuesday, April 26th. Cowen reduced their target price on Lennox International from $325.00 to $295.00 in a report on Tuesday, April 26th. Finally, Cowen cut their price objective on Lennox International from $325.00 to $295.00 in a report on Tuesday, April 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Lennox International has an average rating of “Hold” and an average price target of $279.10.

Shares of Lennox International stock opened at $204.97 on Tuesday. The company’s fifty day simple moving average is $240.61 and its 200-day simple moving average is $275.69. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.11 and a beta of 0.95. Lennox International has a 1 year low of $199.66 and a 1 year high of $354.62.

Lennox International (NYSE:LII – Get Rating) last released its earnings results on Monday, April 25th. The construction company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.33. Lennox International had a negative return on equity of 153.38% and a net margin of 10.84%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $977.60 million. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts anticipate that Lennox International will post 14.11 earnings per share for the current year.

In related news, CEO Todd M. Bluedorn sold 9,298 shares of the company’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $268.86, for a total transaction of $2,499,860.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel M. Sessa sold 2,000 shares of the stock in a transaction that occurred 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 have sold a total of 14,346 shares of company stock valued at $3,783,260 in the last ninety days. 2.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of Lennox International during the 3rd quarter worth $27,000. Sageworth Trust Co of South Dakota acquired a new stake in Lennox International in the fourth quarter valued at approximately $36,000. NuWave Investment Management LLC grew 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 acquiring an additional 78 shares during the last quarter. Quent Capital LLC bought a new stake in Lennox International during the 4th quarter worth approximately $57,000. Finally, Tobam increased its holdings in Lennox International by 90.7% in the first quarter. Tobam now owns 225 shares of the construction company’s stock valued at $58,000 after purchasing an additional 107 shares during the period. Institutional investors own 68.73% of the company’s stock.

Lennox International Company Profile (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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