Lennox International (NYSE:LII) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Lennox International (NYSE:LII) had its target price upped by stock analysts at JPMorgan Chase & Co. from $536.00 to $565.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 4.47% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. UBS Group boosted their target price on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their target price 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. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley initiated coverage on Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $602.57.

Lennox International Stock Performance

Shares of LII stock opened at $591.45 on Thursday. Lennox International has a 1-year low of $412.09 and a 1-year high of $682.50. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.79 and a beta of 1.11. The stock’s fifty day simple moving average is $639.82 and its 200-day simple moving average is $607.36.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 142.64% and a net margin of 15.11%. On average, sell-side analysts predict that Lennox International will post 23.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the transaction, 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. In the last 90 days, insiders sold 1,200 shares of company stock valued at $793,228. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in Lennox International in the 3rd quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new position in Lennox International in the 3rd quarter valued at approximately $39,000. Huntington National Bank raised its holdings in 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 in the last quarter. UMB Bank n.a. raised its holdings in Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Lennox International in the 3rd quarter valued at approximately $77,000. Institutional investors and hedge funds 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.