Lennox International (NYSE:LII) Given New $255.00 Price Target at Morgan Stanley

Lennox International (NYSE:LIIGet Rating) had its target price hoisted by Morgan Stanley from $222.00 to $255.00 in a research note issued to investors on Monday morning, Stock Target Advisor reports. Morgan Stanley currently has an equal weight rating on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lennox International from $335.00 to $292.00 and set a buy rating for the company in a report on Wednesday, July 13th. Barclays decreased their price objective on shares of Lennox International from $240.00 to $230.00 and set an equal weight rating for the company in a report on Friday, July 8th. Wells Fargo & Company decreased their price objective on shares of Lennox International from $231.00 to $229.00 in a report on Tuesday, July 12th. The Goldman Sachs Group reduced their price target on shares of Lennox International from $248.00 to $190.00 and set a sell rating for the company in a report on Thursday, June 23rd. Finally, Cowen upgraded shares of Lennox International from a market perform rating to an outperform rating and set a $260.00 price target for the company in a report on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Lennox International currently has an average rating of Hold and a consensus target price of $243.10.

Lennox International Trading Up 2.0 %

Lennox International stock opened at $244.37 on Monday. The firm has a 50-day moving average price of $209.84 and a 200-day moving average price of $238.74. The firm has a market capitalization of $8.78 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.28 and a beta of 0.95. Lennox International has a 12-month low of $182.85 and a 12-month high of $345.65.

Lennox International (NYSE:LIIGet Rating) last released its earnings results on Thursday, July 28th. The construction company reported $5.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.26. Lennox International had a net margin of 10.69% and a negative return on equity of 134.81%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $4.57 EPS. The business’s revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts predict that Lennox International will post 14.19 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st will be given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, August 30th. Lennox International’s payout ratio is currently 32.79%.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $205.16, for a total value of $41,032.00. Following the transaction, the chief accounting officer now owns 2,297 shares of the company’s stock, valued at approximately $471,252.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lennox International news, COO Elliot S. Zimmer sold 1,035 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $214.19, for a total transaction of $221,686.65. Following the sale, the chief operating officer now owns 2,443 shares of the company’s stock, valued at approximately $523,266.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $205.16, for a total transaction of $41,032.00. Following the sale, the chief accounting officer now directly owns 2,297 shares in the company, valued at approximately $471,252.52. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Institutional Trading of Lennox International

Large investors have recently bought and sold shares of the stock. FDx Advisors Inc. boosted its holdings in shares of Lennox International by 8.9% in the 4th quarter. FDx Advisors Inc. now owns 4,096 shares of the construction company’s stock valued at $1,329,000 after acquiring an additional 335 shares during the last quarter. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of Lennox International in the 4th quarter valued at $357,000. Toronto Dominion Bank boosted its holdings in shares of Lennox International by 776.0% in the 4th quarter. Toronto Dominion Bank now owns 43,905 shares of the construction company’s stock valued at $14,241,000 after acquiring an additional 38,893 shares during the last quarter. Cohen Lawrence B boosted its holdings in shares of Lennox International by 859.7% in the 4th quarter. Cohen Lawrence B now owns 9,165 shares of the construction company’s stock valued at $2,973,000 after acquiring an additional 8,210 shares during the last quarter. Finally, Sageworth Trust Co of South Dakota purchased a new stake in shares of Lennox International in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 68.73% of the company’s stock.

About Lennox International

(Get Rating)

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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Analyst Recommendations for Lennox International (NYSE:LII)

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