Barclays Issues Pessimistic Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price objective cut by Barclays from $674.00 to $665.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective points to a potential upside of 9.78% from the stock’s current price.

Several other equities analysts have also recently commented on LII. Northcoast Research started coverage on shares of Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Robert W. Baird upped their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Finally, Morgan Stanley assumed coverage on shares of Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $586.29.

Lennox International Trading Down 8.6 %

Shares of Lennox International stock opened at $605.75 on Thursday. The company has a market capitalization of $21.58 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The stock has a fifty day simple moving average of $642.08 and a 200 day simple moving average of $607.18. Lennox International has a 12-month low of $412.09 and a 12-month high of $682.50. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. On average, sell-side analysts anticipate that Lennox International will post 21.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Todd J. Teske sold 500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $675.52, for a total value of $337,760.00. Following the transaction, the director now owns 7,911 shares in the company, valued at $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,200 shares of company stock valued at $793,228 in the last 90 days. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Several hedge funds and other institutional investors have recently bought and sold shares of LII. Mediolanum International Funds Ltd lifted its holdings in shares of Lennox International by 469.6% in the 4th quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock worth $12,895,000 after acquiring an additional 17,357 shares during the last quarter. Geode Capital Management LLC boosted its position in Lennox International by 2.2% during the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after buying an additional 12,183 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after buying an additional 7,012 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after buying an additional 4,927 shares during the period. Finally, Entropy Technologies LP lifted its stake in shares of Lennox International by 386.0% in the 4th quarter. Entropy Technologies LP now owns 5,540 shares of the construction company’s stock valued at $3,376,000 after acquiring an additional 4,400 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

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.