Lennox International Inc. (NYSE:LII) Given Average Rating of “Hold” by Brokerages

Shares of Lennox International Inc. (NYSE:LII) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $579.38.

A number of brokerages recently commented on LII. Wells Fargo & Company raised their target price on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada raised their price objective 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. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Northcoast Research initiated coverage on shares of Lennox International in a research note on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. Finally, Mizuho upped their price target on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th.

Insider Buying and Selling at Lennox International

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

Institutional Investors Weigh In On Lennox International

Several hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Lennox International in the third quarter valued at about $27,000. Innealta Capital LLC purchased a new position in Lennox International during the 2nd quarter valued at about $33,000. First Horizon Advisors Inc. bought a new position in shares of Lennox International during the third quarter valued at approximately $39,000. Huntington National Bank increased its holdings in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after acquiring an additional 23 shares during the period. Finally, UMB Bank n.a. grew its stake in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares during the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Stock Down 0.8 %

LII opened at $609.30 on Thursday. Lennox International has a twelve month low of $412.09 and a twelve month 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 price of $634.29 and a 200-day moving average price of $594.33. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.04 and a beta of 1.08.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. Lennox International’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 earnings per share. Equities research analysts forecast that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Lennox International’s dividend payout ratio is currently 21.84%.

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.