Lennox International (NYSE:LII) Price Target Raised to $549.00

Lennox International (NYSE:LII) had its price objective raised by JPMorgan Chase & Co. from $455.00 to $549.00 in a research report report published on Friday,Benzinga reports. The firm currently has an underweight rating on the construction company’s stock.

LII has been the topic of a number of other reports. Wells Fargo & Company lowered their target price on shares of Lennox International from $550.00 to $500.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Oppenheimer upgraded shares of Lennox International from a “market perform” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, April 24th. Robert W. Baird dropped their target price on shares of Lennox International from $608.00 to $600.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Morgan Stanley cut their target price on shares of Lennox International from $585.00 to $450.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Finally, UBS Group lowered their price target on Lennox International from $625.00 to $570.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $583.71.

Lennox International Trading Up 1.9%

Shares of NYSE:LII opened at $605.33 on Friday. The company’s 50-day moving average price is $560.98 and its two-hundred day moving average price is $603.34. Lennox International has a one year low of $483.42 and a one year high of $682.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market capitalization of $21.48 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.25 by $0.12. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business earned $3.47 earnings per share. Lennox International’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, April 30th. Lennox International’s payout ratio is 20.50%.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 509 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total transaction of $289,137.45. Following the sale, the chief accounting officer now owns 1,582 shares of the company’s stock, valued at $898,655.10. This represents a 24.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. City Holding Co. bought a new position in shares of Lennox International in the first quarter worth $35,000. Sentry Investment Management LLC acquired a new stake in Lennox International during the first quarter worth about $43,000. Bessemer Group Inc. increased its holdings in Lennox International by 50.8% in the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock valued at $60,000 after buying an additional 33 shares during the period. Private Trust Co. NA increased its holdings in Lennox International by 62.5% in the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after buying an additional 45 shares during the period. Finally, Inlight Wealth Management LLC acquired a new position in shares of Lennox International in the 1st quarter valued at approximately $114,000. 67.07% of the stock is owned by institutional investors and hedge funds.

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.