Lennox International (NYSE:LII) Earns Overweight Rating from Stephens

Stephens reissued their overweight rating on shares of Lennox International (NYSE:LII) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $550.00 price target on the construction company’s stock.

Several other research firms also recently weighed in on LII. Wells Fargo & Company decreased their price target on shares of Lennox International from $545.00 to $520.00 and set an overweight rating for the company in a research note on Thursday. TD Cowen raised their price target on Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a research note on Thursday, February 1st. They issued a buy rating and a $523.00 price target on the stock. KeyCorp raised their price target on Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Lennox International from $350.00 to $360.00 and gave the company an underweight rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International currently has a consensus rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Trading Up 0.7 %

Shares of NYSE LII traded up $3.39 during midday trading on Thursday, reaching $478.89. The company had a trading volume of 139,640 shares, compared to its average volume of 271,537. The firm’s fifty day moving average price is $471.81 and its 200-day moving average price is $434.88. The stock has a market cap of $17.06 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International has a one year low of $264.88 and a one year high of $501.72.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.30. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. On average, equities research analysts anticipate that Lennox International will post 19.66 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International’s payout ratio is 25.49%.

Insider Buying and Selling

In other news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares in the company, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at approximately $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LII. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after buying an additional 6,041 shares during the period. Russell Investments Group Ltd. raised its position in shares of Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after purchasing an additional 11,077 shares during the period. New York State Teachers Retirement System grew its stake in shares of Lennox International by 2.7% in the first quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after acquiring an additional 950 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Lennox International by 11.8% in the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock valued at $8,500,000 after acquiring an additional 2,400 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Lennox International in the third quarter valued at about $8,067,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Company Profile

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.