Lennox International (NYSE:LII) Price Target Increased to $360.00 by Analysts at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its price target upped by JPMorgan Chase & Co. from $350.00 to $360.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an underweight rating on the construction company’s stock.

Several other research firms also recently weighed in on LII. KeyCorp upped their price target on Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their price target on Lennox International from $392.00 to $414.00 and gave the stock a sector perform rating in a research note on Thursday, February 1st. Barclays upped their price objective on Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. UBS Group upped their price objective on Lennox International from $450.00 to $485.00 and gave the company a neutral rating in a research report on Thursday. Finally, TD Cowen upped their price objective on Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Lennox International has an average rating of Moderate Buy and a consensus target price of $482.31.

Lennox International Trading Up 0.3 %

LII opened at $477.11 on Thursday. The business has a 50 day simple moving average of $472.39 and a two-hundred day simple moving average of $436.25. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.34 and a beta of 1.02. 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 one year low of $264.88 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. Analysts predict that Lennox International will post 19.82 EPS for the current year.

Lennox International Dividend Announcement

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

Insider Activity

In other news, EVP Gary S. Bedard sold 1,849 shares of the 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 transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s 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 of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was 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 directly owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System increased its stake in Lennox International by 2.7% in the 1st quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock worth $17,943,000 after buying an additional 950 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after buying an additional 6,041 shares in the last quarter. New England Research & Management Inc. purchased a new stake in Lennox International in the 1st quarter worth $489,000. Rise Advisors LLC purchased a new stake in Lennox International in the 1st quarter worth $41,000. Finally, Symmetry Partners LLC increased its stake in Lennox International by 4.6% in the 1st quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock worth $1,044,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

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.