Lennox International (NYSE:LII) Price Target Increased to $500.00 by Analysts at Barclays

Lennox International (NYSE:LIIFree Report) had its price target increased by Barclays from $450.00 to $500.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the construction company’s stock.

LII has been the topic of a number of other research reports. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Stephens upgraded shares of Lennox International from an equal weight rating to an overweight rating and boosted their price target for the company from $415.00 to $550.00 in a report on Monday, December 11th. Mizuho upped their price objective on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a research note on Monday. Royal Bank of Canada upped their price objective on shares of Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company upped their price objective on shares of Lennox International from $491.00 to $545.00 and gave the company an overweight rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $469.08.

Get Our Latest Stock Analysis on LII

Lennox International Stock Down 1.2 %

LII stock opened at $478.12 on Tuesday. Lennox International has a 12 month low of $232.00 and a 12 month high of $501.72. The firm has a market cap of $17.02 billion, a PE ratio of 28.91, a P/E/G ratio of 3.54 and a beta of 1.02. The firm has a 50 day simple moving average of $461.29 and a 200 day simple moving average of $424.26. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72.

Lennox International (NYSE:LIIGet Free Report) last released its earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Equities research analysts forecast that Lennox International will post 19.73 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is 26.60%.

Insider Transactions at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by company insiders.

Institutional Trading of Lennox International

Several large investors have recently modified their holdings of LII. iA Global Asset Management Inc. bought a new stake in shares of Lennox International during the 3rd quarter worth $8,067,000. Comerica Bank bought a new stake in Lennox International in the 2nd quarter valued at $55,070,000. BNP Paribas Arbitrage SNC boosted its holdings in Lennox International by 151.5% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company’s stock valued at $6,946,000 after purchasing an additional 16,653 shares during the period. Geode Capital Management LLC boosted its holdings in Lennox International by 3.0% in the 1st quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company’s stock valued at $123,003,000 after purchasing an additional 14,062 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in Lennox International in the 4th quarter valued at $5,795,000. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.