Wells Fargo & Company Lowers Lennox International (NYSE:LII) to Equal Weight

Wells Fargo & Company lowered shares of Lennox International (NYSE:LII) from an overweight rating to an equal weight rating in a report issued on Wednesday morning, Marketbeat reports. Wells Fargo & Company currently has $570.00 target price on the construction company’s stock, up from their prior target price of $550.00.

Several other research firms have also recently commented on LII. Mizuho boosted their target price on Lennox International from $490.00 to $540.00 and gave the stock a buy rating in a research report on Monday, April 1st. JPMorgan Chase & Co. boosted their price objective on Lennox International from $350.00 to $360.00 and gave the stock an underweight rating in a report on Thursday, April 25th. KeyCorp raised their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an overweight rating in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of Lennox International from $481.00 to $510.00 and gave the stock a sector perform rating in a research note on Thursday, April 25th. Finally, Stephens restated an overweight rating and set a $550.00 price objective on shares of Lennox International in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $504.00.

Lennox International Stock Down 0.1 %

Shares of NYSE LII opened at $557.19 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. The company has a market cap of $19.85 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.51 and a beta of 1.07. Lennox International has a 52 week low of $328.94 and a 52 week high of $572.21. The business has a 50-day simple moving average of $515.85 and a two-hundred day simple moving average of $478.19.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Research analysts anticipate that Lennox International will post 20.01 earnings per share for the current fiscal year.

Lennox International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.83%. This is an increase from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s payout ratio is currently 26.65%.

Institutional Investors Weigh In On Lennox International

Several institutional investors have recently bought and sold shares of the stock. Tilia Fiduciary Partners Inc. lifted its position in Lennox International by 2.8% in the second quarter. Tilia Fiduciary Partners Inc. now owns 4,632 shares of the construction company’s stock valued at $2,478,000 after purchasing an additional 125 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Lennox International during the 2nd quarter valued at $208,000. DNB Asset Management AS raised its holdings in Lennox International by 2.6% during the 2nd quarter. DNB Asset Management AS now owns 7,848 shares of the construction company’s stock valued at $4,199,000 after buying an additional 196 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Lennox International by 38.6% in the second quarter. GAMMA Investing LLC now owns 255 shares of the construction company’s stock valued at $136,000 after acquiring an additional 71 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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.