Barclays Increases Lennox International (NYSE:LII) Price Target to $674.00

Lennox International (NYSE:LII) had its price target lifted by Barclays from $624.00 to $674.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other analysts also recently issued reports on LII. Wells Fargo & Company lifted their price target on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird lifted their price target on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Northcoast Research started coverage on shares of Lennox International in a research report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price target for the company. Finally, 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 research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average price target of $579.38.

Lennox International Stock Performance

Shares of LII stock opened at $661.12 on Thursday. The company has a market cap of $23.55 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. Lennox International has a 52 week low of $406.40 and a 52 week high of $682.50. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average of $621.43 and a 200-day moving average of $577.71.

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

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.70%. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 200 shares of the stock in a transaction on 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 directly owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shane D. Wall sold 325 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the transaction, the director now directly owns 2,035 shares of the company’s stock, valued at approximately $1,247,393.95. This trade represents a 13.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,106 shares of company stock valued at $1,353,233. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several institutional investors and hedge funds have recently bought and sold shares of LII. Wilmington Savings Fund Society FSB bought a new position in Lennox International during the third quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of Lennox International in the second quarter worth $33,000. First Horizon Advisors Inc. bought a new position in shares of Lennox International in the third quarter worth $39,000. Huntington National Bank boosted its holdings in shares of Lennox International by 47.9% in the third 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 period. Finally, UMB Bank n.a. boosted its holdings in shares of Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after acquiring an additional 70 shares during the period. 67.07% of the stock is 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.