Lennox International (NYSE:LII) Price Target Raised to $650.00

Lennox International (NYSE:LII) had its target price boosted by Mizuho from $575.00 to $650.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

A number of other analysts have also recently weighed in on LII. Barclays boosted their price target on Lennox International from $550.00 to $575.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Stephens restated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. TD Cowen boosted their target price on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Robert W. Baird boosted their target price on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $570.00.

Lennox International Price Performance

NYSE LII opened at $603.55 on Thursday. The stock has a market capitalization of $21.50 billion, a P/E ratio of 34.97, a P/E/G ratio of 1.89 and a beta of 1.07. Lennox International has a 1 year low of $334.53 and a 1 year high of $627.09. The business’s fifty day moving average is $588.03 and its two-hundred day moving average is $538.31. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $6.15 EPS. The company’s revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, September 30th. Lennox International’s payout ratio is presently 26.65%.

Insider Buying and Selling

In other news, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Sherry Buck sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the completion of the sale, the director now owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,052 shares of company stock worth $7,563,793. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LII. Innealta Capital LLC acquired a new position in shares of Lennox International during the 2nd quarter valued at $33,000. Massmutual Trust Co. FSB ADV increased its stake in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after buying an additional 70 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Lennox International in the 2nd quarter worth about $65,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Lennox International by 403.3% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds 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.