Lennox International (NYSE:LII) Given New $485.00 Price Target at UBS Group

Lennox International (NYSE:LII) had its price objective lifted by UBS Group from $450.00 to $485.00 in a research report released on Thursday, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other analysts also recently issued reports on LII. Barclays raised their target price on Lennox International from $450.00 to $500.00 and gave the stock an equal weight rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research report on Thursday, February 1st. They issued a buy rating and a $523.00 price target for the company. Mizuho lifted their price target on Lennox International from $490.00 to $540.00 and gave the company a buy rating in a research report on Monday, April 1st. Wells Fargo & Company lifted their price objective on Lennox International from $491.00 to $545.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada lifted their price objective on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a research note on Thursday, February 1st. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $482.31.

Lennox International Stock Up 1.2 %

NYSE:LII traded up $5.82 on Thursday, hitting $481.32. The stock had a trading volume of 100,184 shares, compared to its average volume of 271,275. The business’s fifty day moving average is $471.81 and its 200 day moving average is $434.88. The company has a market cap of $17.14 billion, a PE ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International has a 52 week low of $264.88 and a 52 week high of $501.72.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, equities research analysts expect that Lennox International will post 19.66 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Wednesday, March 27th. Lennox International’s payout ratio is currently 25.49%.

Insider Activity

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

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