Lennox International Inc. (LII) Price Target Cut to $162.00 by Analysts at Stifel Nicolaus
Lennox International Inc. (NYSE:LII) had its price objective cut by equities research analysts at Stifel Nicolaus from $172.00 to $162.00 in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 6.78% from the stock’s current price.
LII has been the topic of several other research reports. Wells Fargo & Co. reiterated a “hold” rating on shares of Lennox International in a research report on Wednesday, August 31st. KeyCorp reiterated a “hold” rating on shares of Lennox International in a research report on Monday, October 10th. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and reduced their price target for the company from $172.00 to $163.00 in a research report on Monday, August 15th. Zacks Investment Research cut shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, Morgan Stanley reiterated a “hold” rating and set a $159.00 price target on shares of Lennox International in a research report on Wednesday, July 20th. Twelve research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lennox International currently has a consensus rating of “Hold” and a consensus target price of $145.00.
Lennox International (NYSE:LII) opened at 151.71 on Wednesday. The company has a market cap of $6.60 billion, a PE ratio of 30.02 and a beta of 1.26. Lennox International has a 52-week low of $105.65 and a 52-week high of $164.02. The firm’s 50 day moving average is $158.50 and its 200 day moving average is $147.59.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, October 17th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.09. Lennox International had a net margin of 6.94% and a return on equity of 1,460.80%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. Lennox International’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts forecast that Lennox International will post $6.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, September 28th. Lennox International’s dividend payout ratio (DPR) is presently 30.44%.
In other Lennox International news, Chairman Todd M. Bluedorn sold 29,552 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $153.53, for a total transaction of $4,537,118.56. Following the completion of the transaction, the chairman now owns 236,733 shares of the company’s stock, valued at $36,345,617.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John W. Norris III sold 1,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $161.73, for a total transaction of $161,730.00. Following the transaction, the director now directly owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Lennox International by 1.4% in the first quarter. State Street Corp now owns 1,501,712 shares of the company’s stock valued at $203,018,000 after buying an additional 20,858 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Lennox International during the first quarter valued at about $163,000. Geode Capital Management LLC boosted its stake in shares of Lennox International by 2.1% in the first quarter. Geode Capital Management LLC now owns 231,542 shares of the company’s stock valued at $31,302,000 after buying an additional 4,817 shares in the last quarter. Friess Associates LLC acquired a new stake in shares of Lennox International during the first quarter valued at about $7,301,000. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Lennox International by 2.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,930 shares of the company’s stock valued at $5,128,000 after buying an additional 751 shares in the last quarter. 68.68% of the stock is owned by institutional investors.
About Lennox International
Lennox International Inc (LII) is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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