Lennox International (NYSE:LII) Given New $625.00 Price Target at UBS Group

Lennox International (NYSE:LII) had its price objective boosted by research analysts at UBS Group from $575.00 to $625.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. UBS Group’s price target points to a potential upside of 3.39% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Northcoast Research assumed coverage on Lennox International in a research note on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Mizuho lifted their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Lennox International from $624.00 to $674.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $590.15.

Lennox International Stock Performance

NYSE:LII opened at $604.52 on Friday. Lennox International has a 1-year low of $412.09 and a 1-year high of $682.50. The stock has a market cap of $21.53 billion, a P/E ratio of 28.70, a PEG ratio of 2.04 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The firm has a 50-day moving average of $633.96 and a two-hundred day moving average of $594.40.

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

Insider Transactions at Lennox International

In other news, EVP John D. Torres sold 581 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $620.98, for a total value of $360,789.38. Following the sale, the executive vice president now owns 4,668 shares of the company’s stock, valued at approximately $2,898,734.64. This represents a 11.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherry Buck sold 500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the sale, the director now owns 1,693 shares in the company, valued at approximately $1,118,632.82. This trade represents a 22.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,106 shares of company stock valued at $1,353,233. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Driehaus Capital Management LLC bought a new stake in shares of Lennox International during the second quarter worth approximately $11,115,000. Geode Capital Management LLC raised its position in shares of Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after acquiring an additional 12,183 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake 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 purchasing an additional 7,012 shares during the period. Achmea Investment Management B.V. boosted its position in shares of Lennox International by 7.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after purchasing an additional 5,673 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Lennox International by 26.9% during the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after purchasing an additional 4,927 shares during the period. 67.07% of the stock is owned by institutional investors and hedge funds.

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.