Lennox International (NYSE:LII) Price Target Cut to $667.00 by Analysts at Barclays

Lennox International (NYSE:LII) had its price objective reduced by Barclays from $680.00 to $667.00 in a research report report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

Several other research analysts also recently commented on LII. Royal Bank Of Canada reduced their price objective on Lennox International from $598.00 to $555.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. Mizuho dropped their price target on Lennox International from $650.00 to $565.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Morgan Stanley cut their price target 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. Wells Fargo & Company lowered their price objective on shares of Lennox International from $545.00 to $525.00 and set an “equal weight” rating for the company in a research note on Thursday, December 4th. Finally, UBS Group initiated coverage on shares of Lennox International in a report on Monday. They set a “neutral” rating and a $530.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lennox International currently has an average rating of “Hold” and an average price target of $593.25.

Lennox International Trading Down 2.8%

NYSE LII opened at $505.21 on Wednesday. The stock has a market cap of $17.72 billion, a PE ratio of 21.33, a PEG ratio of 1.93 and a beta of 1.18. Lennox International has a 12 month low of $443.19 and a 12 month high of $689.44. The company’s 50-day moving average price is $490.65 and its 200-day moving average price is $542.07. 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 (NYSE:LII) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.69 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $6.68 EPS. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.0%. Lennox International’s payout ratio is presently 21.95%.

Insider Buying and Selling

In other Lennox International news, Director Todd J. Teske sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $491.85, for a total value of $295,110.00. Following the completion of the sale, the director directly owned 7,581 shares in the company, valued at $3,728,714.85. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LII. AdvisorShares Investments LLC acquired a new stake in Lennox International in the second quarter worth about $25,000. Root Financial Partners LLC purchased a new position in shares of Lennox International in the 3rd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Lennox International by 175.9% in 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 last quarter. Whittier Trust Co. boosted its stake in Lennox International by 125.0% in the 2nd quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock worth $46,000 after purchasing an additional 45 shares in the last quarter. Finally, Covestor Ltd grew its position in Lennox International by 217.2% during the 3rd quarter. Covestor Ltd now owns 92 shares of the construction company’s stock worth $48,000 after purchasing an additional 63 shares during the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.