Wells Fargo & Company Reiterates Underweight Rating for Lennox International (NYSE:LII)

Lennox International (NYSE:LII)‘s stock had its “underweight” rating reiterated by equities research analysts at Wells Fargo & Company in a report released on Monday,Benzinga reports. They presently have a $580.00 price target on the construction company’s stock, down from their prior price target of $630.00. Wells Fargo & Company‘s price objective would suggest a potential downside of 1.94% from the company’s current price.

A number of other brokerages have also weighed in on LII. JPMorgan Chase & Co. lifted their price objective on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research report on Thursday. Barclays dropped their price target on Lennox International from $674.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group lifted their price target on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley started coverage on Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target on the stock. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $606.00.

Lennox International Price Performance

Shares of LII stock opened at $591.45 on Monday. The firm has a market cap of $21.07 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.16 and a beta of 1.10. Lennox International has a fifty-two week low of $412.09 and a fifty-two week high of $682.50. The business’s 50 day moving average price is $639.82 and its 200-day moving average price is $607.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, equities research analysts anticipate that Lennox International will post 23.09 earnings per share for the current year.

Insider Activity at Lennox International

In other Lennox International news, Director Todd J. Teske sold 500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the sale, the director now owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. The trade was a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,200 shares of company stock worth $793,228. 10.40% of the stock is owned by insiders.

Institutional Trading of Lennox International

Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Lennox International in the third quarter worth about $27,000. First Horizon Advisors Inc. bought a new position in shares of Lennox International in the third quarter worth about $39,000. Huntington National Bank boosted its stake 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. UMB Bank n.a. boosted its stake 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. Finally, Quantbot Technologies LP bought a new position in shares of Lennox International in the third quarter worth about $77,000. Institutional investors own 67.07% of the company’s stock.

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.