Lennox International, Inc. (NYSE:LII) Stock Has Consensus Price Target of $444.85 According to Analysts

Shares of Lennox International, Inc. (NYSE:LII) have received an average rating of “Hold” from the seventeen research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $444.85.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price target on Lennox International from $406.00 to $378.00 and set a “sector perform” rating for the company in a research note on Thursday, October 29th. Weiss Ratings lowered shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group lowered shares of Lennox International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $547.00 to $390.00 in a report on Wednesday, October 14th. Morgan Stanley dropped their price target on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Finally, BNP Paribas Exane reduced their price objective on shares of Lennox International from $450.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Lennox International during the 2nd quarter worth approximately $1,704,846,000. Beacon Pointe Advisors LLC bought a new stake in shares of Lennox International in the 2nd quarter worth approximately $239,217,000. Bank of America Corp DE purchased a new position in Lennox International in the second quarter valued at approximately $196,075,000. Deutsche Bank AG purchased a new position in Lennox International in the second quarter valued at approximately $159,181,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lennox International by 3.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,782 shares of the construction company’s stock valued at $137,956,000 after purchasing an additional 7,397 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Price Performance

LII stock opened at $346.23 on Friday. The company has a fifty day moving average price of $366.29 and a 200-day moving average price of $470.29. The company has a market capitalization of $11.84 billion, a P/E ratio of 16.07, a PEG ratio of 1.97 and a beta of 1.19. Lennox International has a 52-week low of $322.00 and a 52-week high of $587.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.21.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted $6.98 EPS. Lennox International’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Lennox International will post 21.39 EPS for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Lennox International’s payout ratio is presently 25.24%.

Lennox International Company Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.