Barclays Cuts Lennox International (NYSE:LII) Price Target to $600.00

Lennox International (NYSE:LII) had its target price lowered by equities researchers at Barclays from $667.00 to $600.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 28.35% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Oppenheimer lifted their price target on shares of Lennox International from $630.00 to $645.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lennox International in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Lennox International from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley lowered their target price on shares of Lennox International from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Monday, February 2nd. Finally, Wells Fargo & Company cut their price target on Lennox International from $560.00 to $480.00 and set an “equal weight” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Lennox International presently has a consensus rating of “Hold” and an average price target of $566.27.

Lennox International Stock Performance

Shares of NYSE LII traded up $3.33 during midday trading on Wednesday, hitting $467.46. 133,626 shares of the company’s stock traded hands, compared to its average volume of 484,713. Lennox International has a 1 year low of $434.06 and a 1 year high of $689.44. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 1.60. The firm has a fifty day moving average of $515.14 and a 200 day moving average of $510.23.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $4.45 earnings per share for the quarter, missing the consensus estimate of $4.76 by ($0.31). Lennox International had a return on equity of 80.23% and a net margin of 15.13%.The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $5.60 EPS. The company’s revenue was down 11.2% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. On average, analysts forecast that Lennox International will post 22.94 earnings per share for the current year.

Insider Activity

In other news, Director Shane D. Wall sold 100 shares of Lennox International stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $540.01, for a total value of $54,001.00. Following the sale, the director directly owned 2,205 shares of the company’s stock, valued at approximately $1,190,722.05. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Kosel sold 254 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $536.50, for a total value of $136,271.00. Following the completion of the sale, the chief accounting officer owned 1,090 shares in the company, valued at $584,785. This represents a 18.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,054 shares of company stock worth $563,687 over the last 90 days. Corporate insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Lennox International by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock worth $98,835,000 after purchasing an additional 18,901 shares during the period. Ameriprise Financial Inc. lifted its position in Lennox International by 18.5% in the third quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company’s stock worth $45,043,000 after buying an additional 13,281 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Lennox International by 3.5% in the third quarter. BNP Paribas Financial Markets now owns 67,766 shares of the construction company’s stock worth $35,873,000 after buying an additional 2,276 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Lennox International by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 66,080 shares of the construction company’s stock worth $34,980,000 after buying an additional 488 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Lennox International by 55.6% during the third quarter. SG Americas Securities LLC now owns 49,456 shares of the construction company’s stock worth $26,180,000 after buying an additional 17,673 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.