UBS Group Raises Lennox International (NYSE:LII) Price Target to $485.00

Lennox International (NYSE:LII) had its target price increased by UBS Group from $450.00 to $485.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Barclays lifted their target price on shares of Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. lowered shares of Lennox International from a neutral rating to an underweight rating and dropped their price objective for the stock from $370.00 to $330.00 in a research note on Thursday, February 1st. TD Cowen boosted their price objective on shares of Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. KeyCorp boosted their price objective on shares of Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Finally, StockNews.com lowered shares of Lennox International from a buy rating to a hold rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International presently has a consensus rating of Moderate Buy and an average price target of $482.31.

Lennox International Trading Up 0.3 %

Shares of LII opened at $477.11 on Thursday. The firm’s 50-day moving average price is $472.39 and its 200-day moving average price is $435.93. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.34 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. Lennox International has a 1-year low of $264.88 and a 1-year high of $501.72.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. Sell-side analysts anticipate that Lennox International will post 19.82 EPS for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 0.92%. Lennox International’s dividend payout ratio is presently 25.49%.

Insider Transactions at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in shares of Lennox International by 105.3% during the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock valued at $3,035,000 after purchasing an additional 3,478 shares during the last quarter. Naples Money Management LLC purchased a new position in shares of Lennox International during the fourth quarter valued at approximately $1,588,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Lennox International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock valued at $30,026,000 after purchasing an additional 1,653 shares during the last quarter. Forsta AP Fonden raised its holdings in shares of Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock valued at $8,500,000 after purchasing an additional 2,400 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Lennox International during the third quarter valued at approximately $8,067,000. 67.07% of the stock is owned by hedge funds and other 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.