Lennox International (NYSE:LII) Given “Overweight” Rating at Stephens

Stephens reaffirmed their overweight rating on shares of Lennox International (NYSE:LII) in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a $550.00 target price on the construction company’s stock.

A number of other brokerages have also recently commented on LII. Royal Bank of Canada lifted their target price on Lennox International from $481.00 to $510.00 and gave the stock a sector perform rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Lennox International from $350.00 to $360.00 and gave the stock an underweight rating in a report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a report on Thursday, February 1st. They issued a buy rating and a $523.00 target price for the company. TD Cowen lifted their target price on Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. Finally, KeyCorp lifted their target price on Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $482.31.

Lennox International Stock Performance

NYSE LII opened at $477.11 on Thursday. The stock has a market capitalization of $17.00 billion, a PE ratio of 27.64, a P/E/G ratio of 2.34 and a beta of 1.02. The business has a 50 day simple moving average of $472.39 and a two-hundred day simple moving average of $436.25. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.72. Lennox International has a 1-year low of $264.88 and a 1-year high of $501.72.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.30. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. On average, research analysts predict that Lennox International will post 19.82 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio (DPR) is presently 25.49%.

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction on Wednesday, February 28th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the transaction, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LII. SG Americas Securities LLC grew its stake in Lennox International by 105.3% during the 4th quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock worth $3,035,000 after buying an additional 3,478 shares during the last quarter. Naples Money Management LLC purchased a new position in Lennox International during the 4th quarter worth $1,588,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Lennox International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after buying an additional 1,653 shares during the last quarter. Forsta AP Fonden grew its stake in Lennox International by 11.8% during the 3rd quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after buying an additional 2,400 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in Lennox International during the 3rd quarter worth $8,067,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

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.