Stock analysts at Cleveland Research started coverage on shares of Lennox International, Inc. (NYSE:LII) in a research note issued on Tuesday. The firm set a “neutral” rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the company. BidaskClub lowered Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Cowen and Company reaffirmed a “buy” rating on shares of Lennox International in a report on Monday, July 24th. UBS AG lifted their price objective on Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a report on Friday, July 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $171.00 price objective on shares of Lennox International in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $178.33.

Shares of Lennox International (LII) traded up 0.11% during trading on Tuesday, hitting $181.59. The stock had a trading volume of 31,878 shares. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 26.16 and a beta of 1.15. The stock’s 50-day moving average is $168.45 and its 200-day moving average is $173.09.

Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $2.53 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Lennox International will post $7.92 EPS for the current year.

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In other news, Chairman Todd M. Bluedorn sold 11,387 shares of Lennox International stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the completion of the sale, the chairman now directly owns 181,410 shares in the company, valued at approximately $30,975,757.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David W. Moon sold 2,350 shares of Lennox International stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total transaction of $402,907.50. Following the sale, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,216 shares of company stock valued at $2,431,048. Insiders own 3.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of LII. Acrospire Investment Management LLC lifted its position in shares of Lennox International by 114.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after acquiring an additional 300 shares during the period. Huntington National Bank lifted its position in shares of Lennox International by 16.7% during the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after acquiring an additional 81 shares during the period. YorkBridge Wealth Partners LLC lifted its position in shares of Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after acquiring an additional 28 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Lennox International during the 2nd quarter valued at approximately $213,000. Finally, Achmea Investment Management B.V. acquired a new stake in shares of Lennox International during the 2nd quarter valued at approximately $239,000. Institutional investors own 68.33% of the company’s stock.

About Lennox International

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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