Lennox International (NYSE:LII) Rating Reiterated by Stephens

Lennox International (NYSE:LII)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $550.00 price objective on the construction company’s stock. Stephens’ price target would suggest a potential upside of 15.28% from the stock’s current price.

LII has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on Lennox International from $545.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday. KeyCorp increased their target price on Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a research note on Thursday, February 1st. They set a “buy” rating and a $523.00 target price on the stock. Finally, Mizuho increased their target price on Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $482.31.

Lennox International Stock Performance

NYSE LII opened at $477.10 on Thursday. The stock has a market cap of $16.99 billion, a PE ratio of 27.64, a P/E/G ratio of 2.33 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. Lennox International has a twelve month low of $264.88 and a twelve month high of $501.72. The stock has a fifty day simple moving average of $472.39 and a 200-day simple moving average of $435.55.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. Equities analysts anticipate that Lennox International will post 19.77 earnings per share for the current year.

Insider Buying and Selling at Lennox International

In other Lennox International 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 sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,692,019.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s 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 sale, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Desjardins Global Asset Management Inc. raised its position in shares of Lennox International by 1.0% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock worth $1,945,000 after acquiring an additional 41 shares in the last quarter. Eagle Bay Advisors LLC raised its position in shares of Lennox International by 14.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock worth $289,000 after acquiring an additional 79 shares in the last quarter. Tobam grew its stake in Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after buying an additional 82 shares during the last quarter. Rise Advisors LLC purchased a new position in Lennox International during the 1st quarter worth approximately $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Lennox International during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.