Lennox International (NYSE:LII) Cut to “Hold (C+)” at Weiss Ratings

Weiss Ratings cut shares of Lennox International (NYSE:LII) from a buy (b-) rating to a hold (c+) rating in a report issued on Saturday morning,Weiss Ratings reports.

Other analysts also recently issued reports about the company. Mizuho reduced their target price on Lennox International from $650.00 to $565.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Morgan Stanley dropped their target price on shares of Lennox International from $535.00 to $475.00 and set an “underweight” rating on the stock in a research report on Thursday, October 23rd. UBS Group lowered their price target on shares of Lennox International from $676.00 to $610.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Wells Fargo & Company lowered their price target on shares of Lennox International from $575.00 to $545.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lennox International from $501.00 to $493.00 and set an “underweight” rating for the company in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $600.17.

Lennox International Trading Up 1.3%

Shares of LII stock opened at $502.51 on Friday. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.92 and a beta of 1.10. The stock has a 50-day moving average of $544.70 and a 200-day moving average of $567.26. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.78. Lennox International has a 1-year low of $485.47 and a 1-year high of $689.44.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share for the quarter, beating the consensus estimate of $6.69 by $0.29. Lennox International had a return on equity of 91.96% and a net margin of 15.74%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $6.68 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. On average, equities research analysts forecast that Lennox International will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.0%. Lennox International’s dividend payout ratio (DPR) is currently 21.95%.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 300 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares of the company’s stock, valued at approximately $758,764.52. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.73% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Institutional investors have recently made changes to their positions in the company. AdvisorShares Investments LLC bought a new position in Lennox International during the second quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Lennox International by 175.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company’s stock valued at $46,000 after purchasing an additional 51 shares during the period. Whittier Trust Co. raised its position in shares of Lennox International by 125.0% during the 2nd quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock valued at $46,000 after purchasing an additional 45 shares during the period. MUFG Securities EMEA plc purchased a new position in Lennox International during the second quarter valued at $54,000. Finally, First Horizon Advisors Inc. grew its stake in Lennox International by 52.9% during the second quarter. First Horizon Advisors Inc. now owns 107 shares of the construction company’s stock valued at $61,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other 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.