Lennox International Inc. (NYSE:LII) Receives $449.58 Consensus PT from Brokerages

Lennox International Inc. (NYSE:LII) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $449.58.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Lennox International from $410.00 to $491.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Royal Bank of Canada raised their price objective on shares of Lennox International from $392.00 to $414.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. StockNews.com downgraded shares of Lennox International from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. cut shares of Lennox International from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $370.00 to $330.00 in a research note on Thursday, February 1st.

Insider Transactions at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LII. Geode Capital Management LLC grew its position in shares of Lennox International by 5.1% during the second quarter. Geode Capital Management LLC now owns 515,049 shares of the construction company’s stock worth $167,691,000 after acquiring an additional 24,870 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Lennox International during the third quarter worth about $8,067,000. Comerica Bank acquired a new position in Lennox International in the 2nd quarter valued at about $55,070,000. BNP Paribas Arbitrage SNC raised its stake in Lennox International by 151.5% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company’s stock valued at $6,946,000 after acquiring an additional 16,653 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in Lennox International during the 4th quarter worth approximately $5,795,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Price Performance

NYSE:LII opened at $489.04 on Tuesday. The firm has a market cap of $17.40 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The stock has a 50 day moving average of $459.08 and a two-hundred day moving average of $421.57. Lennox International has a 12 month low of $232.00 and a 12 month high of $501.72. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.17. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. On average, analysts expect that Lennox International will post 19.73 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 Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, March 27th. Lennox International’s dividend payout ratio is presently 26.60%.

About Lennox International

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.