Wolfe Research Reiterates “Peer Perform” Rating for Lennox International, Inc. (LII)
Lennox International, Inc. (NYSE:LII)‘s stock had its “peer perform” rating reaffirmed by stock analysts at Wolfe Research in a research note issued to investors on Tuesday.
Other equities analysts have also recently issued reports about the company. Stifel Nicolaus reissued a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. Morgan Stanley reissued an “underweight” rating and issued a $161.00 target price (down from $164.00) on shares of Lennox International in a report on Tuesday, July 25th. BidaskClub cut Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Cleveland Research began coverage on Lennox International in a report on Tuesday. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $190.00 target price (up from $162.50) on shares of Lennox International in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $178.83.
Lennox International (LII) traded up 1.54% during midday trading on Tuesday, reaching $184.32. The company’s stock had a trading volume of 422,528 shares. The firm has a market capitalization of $7.77 billion, a PE ratio of 26.55 and a beta of 1.15. Lennox International has a 52 week low of $140.97 and a 52 week high of $192.58. The stock has a 50 day moving average of $168.85 and a 200 day moving average of $173.15.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.76 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 EPS. On average, equities research analysts predict that Lennox International will post $7.92 earnings per share for the current fiscal year.
In other Lennox International news, VP Chris Kosel sold 357 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the transaction, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the completion of the transaction, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,216 shares of company stock worth $2,431,048. 3.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Achmea Investment Management B.V. bought a new position in shares of Lennox International in the 2nd quarter worth $239,000. State Street Corp boosted its position in shares of Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after purchasing an additional 128,170 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Lennox International by 4.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after purchasing an additional 28 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Lennox International by 5.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock worth $12,366,000 after purchasing an additional 3,580 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Lennox International by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock worth $27,179,000 after purchasing an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.
Lennox International Company Profile
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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