Northcoast Research Initiates Coverage on Lennox International (NYSE:LII)

Research analysts at Northcoast Research assumed coverage on shares of Lennox International (NYSE:LII) in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set a “sell” rating and a $475.00 price target on the construction company’s stock. Northcoast Research’s price target would suggest a potential downside of 27.29% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. Robert W. Baird increased their target price on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Finally, Mizuho increased their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $575.54.

Lennox International Trading Up 4.5 %

LII opened at $653.30 on Friday. The company has a fifty day moving average price of $609.68 and a two-hundred day moving average price of $563.67. Lennox International has a 1-year low of $397.34 and a 1-year high of $657.60. The company has a market cap of $23.27 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. 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 announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm posted $5.37 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Lennox International will post 21.1 EPS for the current fiscal year.

Insider Buying and Selling at Lennox International

In other Lennox International news, Director Shane D. Wall sold 325 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the transaction, the director now owns 2,035 shares in the company, valued at $1,247,393.95. The trade was a 13.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Kosel sold 200 shares of the company’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 completion of the transaction, the chief accounting officer now owns 1,446 shares in the company, valued at approximately $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,480 shares of company stock valued at $3,823,519 in the last three months. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new position in Lennox International during the first quarter valued at approximately $15,416,000. Driehaus Capital Management LLC acquired a new stake in Lennox International in the 2nd quarter worth approximately $11,115,000. Geode Capital Management LLC increased its holdings in Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after buying an additional 12,183 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Lennox International by 1,065.7% in the 3rd 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 period. Finally, Achmea Investment Management B.V. raised its position in Lennox International by 7.3% during the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after acquiring an additional 5,673 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

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.