Lennox International Inc. (NYSE:LII) Receives Average Rating of “Hold” from Analysts

Lennox International Inc. (NYSE:LII) has received an average recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $583.92.

LII has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Barclays boosted their price target on shares of Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Mizuho lifted their target price on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th.

Lennox International Stock Performance

LII opened at $616.08 on Wednesday. The firm has a fifty day moving average price of $600.78 and a 200 day moving average price of $557.11. Lennox International has a 1 year low of $391.63 and a 1 year high of $653.83. The stock has a market cap of $21.94 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm posted $5.37 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. Lennox International’s dividend payout ratio is presently 21.84%.

Insiders Place Their Bets

In other news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction on Monday, August 19th. The stock was sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the transaction, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John D. Torres sold 581 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the sale, the executive vice president now owns 4,668 shares in the company, valued at $2,898,734.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Prakash Bedapudi sold 3,434 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the transaction, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,214 shares of company stock valued at $7,123,108. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Lennox International during the 2nd quarter worth about $33,000. Massmutual Trust Co. FSB ADV increased its position in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after acquiring an additional 19 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Lennox International in the 3rd quarter valued at approximately $39,000. Huntington National Bank lifted its holdings in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after acquiring an additional 23 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the period. Hedge funds and other 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.