Lennox International (NYSE:LII) Price Target Lowered to $525.00 at Wells Fargo & Company

Lennox International (NYSE:LII) had its target price decreased by Wells Fargo & Company from $545.00 to $525.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the construction company’s stock.

LII has been the topic of several other research reports. Morgan Stanley dropped their price objective on Lennox International from $535.00 to $475.00 and set an “underweight” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings downgraded Lennox International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. decreased their price objective on Lennox International from $501.00 to $493.00 and set an “underweight” rating for the company in a report on Thursday, October 23rd. UBS Group lowered their price objective on Lennox International from $610.00 to $560.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Mizuho cut their target price on shares of Lennox International from $650.00 to $565.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $598.50.

Lennox International Price Performance

Shares of NYSE:LII opened at $504.87 on Thursday. The company has a market capitalization of $17.71 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16. The company’s 50-day moving average is $503.20 and its 200 day moving average is $552.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.80 and a current ratio of 1.68. Lennox International has a fifty-two week low of $443.19 and a fifty-two week high of $689.44.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 EPS for the quarter, topping the consensus estimate of $6.69 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.54 billion. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.68 earnings per share. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 30th. Lennox International’s payout ratio is 21.95%.

Insider Activity

In related news, Director Todd J. Teske sold 600 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $491.85, for a total value of $295,110.00. Following the sale, the director owned 7,581 shares in the company, valued at approximately $3,728,714.85. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Lennox International

A number of institutional investors have recently added to or reduced their stakes in LII. Ameriprise Financial Inc. boosted its position in shares of Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock valued at $41,168,000 after acquiring an additional 53,679 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company’s stock valued at $51,932,000 after purchasing an additional 50,188 shares in the last quarter. Amundi raised its stake in Lennox International by 33.1% in the first quarter. Amundi now owns 189,571 shares of the construction company’s stock valued at $103,661,000 after purchasing an additional 47,170 shares in the last quarter. SG Americas Securities LLC lifted its position in Lennox International by 1,402.7% during the second quarter. SG Americas Securities LLC now owns 31,783 shares of the construction company’s stock valued at $18,219,000 after purchasing an additional 29,668 shares during the last quarter. Finally, Jump Financial LLC grew its stake in Lennox International by 3,851.0% in the 1st quarter. Jump Financial LLC now owns 20,545 shares of the construction company’s stock worth $11,522,000 after buying an additional 20,025 shares in the last quarter. 67.07% of the stock is currently owned by 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.