Lennox International (NYSE:LII) Upgraded by Barclays to Overweight Rating

Lennox International (NYSE:LII) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a $702.00 target price on the construction company’s stock, up from their prior target price of $665.00. Barclays‘s target price would indicate a potential upside of 13.42% from the stock’s current price.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. UBS Group upped their price target on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Northcoast Research assumed coverage on shares of Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. Morgan Stanley began coverage on shares of Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 target price on the stock. Finally, Mizuho downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $675.00 to $625.00 in a report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $608.85.

Lennox International Trading Up 1.5 %

Lennox International stock opened at $618.92 on Wednesday. Lennox International has a 1 year low of $445.63 and a 1 year high of $682.50. The firm’s 50 day moving average price is $621.83 and its 200-day moving average price is $614.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market cap of $22.02 billion, a P/E ratio of 27.46, a PEG ratio of 2.36 and a beta of 1.10.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, equities analysts predict that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the transaction, the chief accounting officer now directly owns 1,282 shares in the company, valued at approximately $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in Lennox International in the 3rd quarter worth about $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Lennox International in the third quarter valued at approximately $39,000. Huntington National Bank grew its stake in Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after purchasing an additional 23 shares in the last quarter. Bessemer Group Inc. increased its holdings in Lennox International by 50.8% during the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock worth $60,000 after purchasing an additional 33 shares during the period. Finally, Private Trust Co. NA raised its position in Lennox International by 62.5% during the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after purchasing an additional 45 shares in the last quarter. 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.