BidaskClub downgraded shares of Lennox International, Inc. (NYSE:LII) from a sell rating to a strong sell rating in a research note issued to investors on Monday.

A number of other analysts have also weighed in on the company. UBS AG increased their price objective on Lennox International from $170.00 to $175.00 and gave the company a neutral rating in a research note on Wednesday, July 26th. Stifel Nicolaus reissued a hold rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley reissued an underweight rating and set a $161.00 price objective (down previously from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Cowen and Company reissued a buy rating on shares of Lennox International in a research note on Monday, July 24th. Finally, Wolfe Research began coverage on Lennox International in a research note on Tuesday, July 11th. They set a market perform rating for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $179.00.

Shares of Lennox International (NYSE LII) opened at 165.11 on Monday. The company’s 50-day moving average is $176.71 and its 200 day moving average is $171.98. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58. The firm has a market capitalization of $6.96 billion, a P/E ratio of 23.78 and a beta of 1.14.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business earned $2.53 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Lennox International will post $8.02 EPS for the current fiscal year.

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In related news, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the completion of the sale, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the sale, the vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The disclosure for this sale can be found here. Insiders sold 14,094 shares of company stock valued at $2,409,181 in the last ninety days. 3.90% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the company. Genesee Valley Trust Co. raised its stake in shares of Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock worth $376,000 after buying an additional 24 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after buying an additional 28 shares during the last quarter. Argent Capital Management LLC raised its stake in shares of Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock worth $436,000 after buying an additional 60 shares during the last quarter. World Asset Management Inc raised its stake in shares of Lennox International by 2.2% in the second quarter. World Asset Management Inc now owns 2,784 shares of the construction company’s stock worth $511,000 after buying an additional 61 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after buying an additional 81 shares during the last quarter. 69.52% of the stock is owned by institutional investors.

Lennox International Company Profile

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

Analyst Recommendations for Lennox International (NYSE:LII)

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