Lennox International (NYSE:LII) Price Target Cut to $520.00

Lennox International (NYSE:LII) had its target price decreased by Wells Fargo & Company from $545.00 to $520.00 in a research note released on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company’s stock.

Several other equities analysts also recently commented on the company. KeyCorp boosted their price objective on Lennox International from $500.00 to $515.00 and gave the company an overweight rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. downgraded Lennox International from a neutral rating to an underweight rating and decreased their target price for the stock from $370.00 to $330.00 in a research report on Thursday, February 1st. TD Cowen boosted their target price on Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a research report on Wednesday, March 6th. Royal Bank of Canada boosted their price objective on Lennox International from $392.00 to $414.00 and gave the stock a sector perform rating in a research note on Thursday, February 1st. Finally, Mizuho boosted their price objective 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. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Trading Up 1.2 %

LII traded up $5.82 on Thursday, hitting $481.32. 100,184 shares of the company were exchanged, compared to its average volume of 271,275. The firm has a fifty day simple moving average of $471.81 and a two-hundred day simple moving average of $434.88. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International has a 12 month low of $264.88 and a 12 month high of $501.72. The stock has a market capitalization of $17.14 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Lennox International will post 19.66 earnings per share for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.91%. Lennox International’s dividend payout ratio (DPR) is 25.49%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new position in Lennox International in the first quarter valued at about $41,000. Tobam increased its stake in shares of 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 purchasing an additional 82 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Lennox International during the 4th quarter worth approximately $42,000. GAMMA Investing LLC purchased a new position in shares of Lennox International during the 4th quarter worth approximately $80,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Lennox International by 66.0% during the 4th quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after purchasing an additional 140 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.