Lennox International (NYSE:LII) Sets New 52-Week High – Here’s Why

Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $630.16 and last traded at $628.04, with a volume of 19048 shares. The stock had previously closed at $622.24.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LII shares. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Mizuho upped their target price on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stephens reaffirmed an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $583.92.

Lennox International Stock Performance

The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The stock has a fifty day moving average price of $598.90 and a 200 day moving average price of $554.43.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.37 EPS. As a group, analysts predict that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is currently 21.84%.

Insider Buying and Selling at Lennox International

In other Lennox International news, Director Shane D. Wall sold 325 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now owns 2,035 shares of the company’s stock, valued at $1,247,393.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Lennox International news, Director Shane D. Wall sold 325 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the completion of the sale, the director now owns 2,035 shares in the company, valued at approximately $1,247,393.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Torres sold 581 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the sale, the executive vice president now owns 4,668 shares of the company’s stock, valued at $2,898,734.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,214 shares of company stock valued at $7,123,108 in the last 90 days. 10.40% of the stock is currently owned by insiders.

Institutional Trading of Lennox International

A number of hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in shares of Lennox International in the 3rd quarter worth approximately $39,000. Huntington National Bank lifted its position in shares of Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after buying an additional 23 shares during the period. Entropy Technologies LP bought a new position in shares of Lennox International during the 3rd quarter worth approximately $689,000. National Pension Service lifted its position in shares of Lennox International by 2.3% during the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock worth $30,978,000 after buying an additional 1,140 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Lennox International by 164.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 605 shares of the construction company’s stock worth $366,000 after buying an additional 376 shares during the period. Institutional investors own 67.07% of the company’s stock.

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.