Lennox International (NYSE:LII) Price Target Cut to $600.00 by Analysts at Barclays

Lennox International (NYSE:LII) had its price objective trimmed by Barclays from $667.00 to $600.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

LII has been the topic of several other reports. Wall Street Zen raised Lennox International from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. William Blair reiterated an “outperform” rating on shares of Lennox International in a research note on Thursday, March 5th. UBS Group began coverage on shares of Lennox International in a report on Monday, January 5th. They set a “neutral” rating and a $530.00 target price on the stock. Royal Bank Of Canada reduced their price target on shares of Lennox International from $563.00 to $534.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 29th. Finally, Wells Fargo & Company decreased their price target on shares of Lennox International from $560.00 to $480.00 and set an “equal weight” rating for the company in a report on Wednesday. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $566.27.

Lennox International Stock Up 0.2%

NYSE:LII opened at $465.04 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 1.60. The company has a market capitalization of $16.18 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. Lennox International has a one year low of $434.06 and a one year high of $689.44. The stock has a 50-day simple moving average of $514.12 and a 200 day simple moving average of $509.91.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.76 by ($0.31). Lennox International had a net margin of 15.13% and a return on equity of 80.23%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company earned $5.60 EPS. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. Sell-side analysts predict that Lennox International will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Lennox International’s payout ratio is presently 23.38%.

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 254 shares of Lennox International stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $536.50, for a total transaction of $136,271.00. Following the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $584,785. The trade was a 18.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Todd J. Teske sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $533.45, for a total value of $373,415.00. Following the transaction, the director owned 6,881 shares of the company’s stock, valued at approximately $3,670,669.45. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,054 shares of company stock worth $563,687. Insiders own 9.73% of the company’s stock.

Institutional Trading of Lennox International

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its stake in shares of Lennox International by 148.4% in the second quarter. Quantbot Technologies LP now owns 2,872 shares of the construction company’s stock worth $1,646,000 after purchasing an additional 1,716 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Lennox International by 6.1% during the second quarter. California State Teachers Retirement System now owns 48,533 shares of the construction company’s stock valued at $27,821,000 after purchasing an additional 2,785 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Lennox International by 296.0% during the second quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock valued at $41,168,000 after purchasing an additional 53,679 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Lennox International by 111.1% in the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock worth $10,696,000 after purchasing an additional 9,818 shares during the period. Finally, State of Tennessee Department of Treasury lifted its holdings in Lennox International by 75.2% in the second quarter. State of Tennessee Department of Treasury now owns 7,082 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 3,039 shares during the period. Institutional investors own 67.07% of the company’s stock.

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.