Morgan Stanley Cuts Lennox International (NYSE:LII) Price Target to $450.00

Lennox International (NYSE:LII) had its price objective decreased by Morgan Stanley from $585.00 to $450.00 in a research report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the construction company’s stock.

LII has been the subject of several other research reports. JPMorgan Chase & Co. lowered their target price on shares of Lennox International from $565.00 to $455.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Mizuho cut Lennox International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Stephens restated an “overweight” rating and set a $750.00 price objective on shares of Lennox International in a research report on Friday, March 7th. Finally, UBS Group boosted their target price on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $577.00.

Lennox International Trading Up 2.8 %

LII opened at $522.80 on Thursday. The business has a fifty day moving average price of $573.21 and a 200 day moving average price of $607.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. Lennox International has a 12 month low of $445.63 and a 12 month high of $682.50. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.36 and a beta of 1.07.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.12. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Sell-side analysts expect that Lennox International will post 22.94 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.88%. Lennox International’s dividend payout ratio (DPR) is currently 20.41%.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 194 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Everence Capital Management Inc. acquired a new stake in Lennox International in the 4th quarter valued at $567,000. Harbor Capital Advisors Inc. raised its holdings in shares of Lennox International by 3.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock valued at $415,000 after buying an additional 20 shares during the period. Eukles Asset Management purchased a new position in Lennox International in the 4th quarter worth approximately $447,000. Jones Financial Companies Lllp boosted its holdings in Lennox International by 487.7% in the 4th quarter. Jones Financial Companies Lllp now owns 429 shares of the construction company’s stock worth $261,000 after acquiring an additional 356 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Lennox International by 46.1% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 10,550 shares of the construction company’s stock valued at $6,478,000 after acquiring an additional 3,330 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

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.