Lennox International Inc. (LII) Receives $228.22 Consensus Target Price from Brokerages
Shares of Lennox International Inc. (NYSE:LII) have earned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $225.60.
LII has been the subject of several recent analyst reports. Morgan Stanley restated an “underweight” rating on shares of Lennox International in a research note on Wednesday, October 24th. Cowen restated a “buy” rating and issued a $240.00 price target on shares of Lennox International in a research note on Monday, October 22nd. Credit Suisse Group increased their target price on Lennox International from $234.00 to $253.00 and gave the company an “outperform” rating in a research report on Wednesday, February 6th. Robert W. Baird lowered their target price on Lennox International from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Finally, Wells Fargo & Co increased their target price on Lennox International from $230.00 to $242.00 and gave the company a “market perform” rating in a research report on Wednesday, February 6th.
LII stock traded up $3.08 during midday trading on Wednesday, hitting $236.30. The company’s stock had a trading volume of 66,257 shares, compared to its average volume of 272,823. Lennox International has a 12 month low of $177.36 and a 12 month high of $239.00. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.99 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a $0.64 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $2.56 dividend on an annualized basis and a yield of 1.08%. Lennox International’s payout ratio is 27.18%.
In other news, VP Chris Kosel sold 158 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $214.57, for a total transaction of $33,902.06. Following the transaction, the vice president now owns 1,027 shares in the company, valued at $220,363.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary S. Bedard sold 622 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $236.15, for a total value of $146,885.30. Following the transaction, the executive vice president now owns 18,537 shares in the company, valued at approximately $4,377,512.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,536 shares of company stock worth $2,241,042. Insiders own 3.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC purchased a new position in shares of Lennox International during the fourth quarter valued at $25,000. First Hawaiian Bank purchased a new position in shares of Lennox International during the third quarter valued at $113,000. Resources Management Corp CT ADV purchased a new position in shares of Lennox International during the third quarter valued at $127,000. TRUE Private Wealth Advisors purchased a new position in shares of Lennox International during the third quarter valued at $134,000. Finally, Charter Trust Co. purchased a new position in shares of Lennox International during the third quarter valued at $206,000. Hedge funds and other institutional investors own 75.02% of the company’s stock.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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