Lennox International, Inc. (NYSE:LII) Stock Has Consensus Price Target of $444.85 According to Analysts

Lennox International, Inc. (NYSE:LII) has received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $444.85.

A number of analysts have commented on the company. Zacks Research downgraded Lennox International from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. Mizuho set a $350.00 price objective on Lennox International in a research note on Thursday, October 29th. BNP Paribas Exane dropped their price objective on Lennox International from $450.00 to $350.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. The Goldman Sachs Group downgraded shares of Lennox International from a “buy” rating to a “neutral” rating and cut their target price for the company from $547.00 to $390.00 in a research note on Wednesday, October 14th. Finally, William Blair reissued an “outperform” rating on shares of Lennox International in a research note on Wednesday, July 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its holdings in shares of Lennox International by 10.0% in the 3rd quarter. Fisher Asset Management LLC now owns 53,111 shares of the construction company’s stock worth $18,856,000 after acquiring an additional 4,810 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of Lennox International by 21.3% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,024 shares of the construction company’s stock worth $719,000 after buying an additional 356 shares in the last quarter. Jacobi Capital Management LLC acquired a new stake in shares of Lennox International in the third quarter valued at $74,000. Gen Wealth Partners Inc bought a new position in Lennox International during the third quarter valued at about $32,000. Finally, AlphaCore Capital LLC boosted its stake in Lennox International by 74.3% during the third quarter. AlphaCore Capital LLC now owns 1,304 shares of the construction company’s stock valued at $464,000 after buying an additional 556 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

Lennox International Stock Down 2.0%

LII opened at $341.73 on Friday. The business has a 50 day simple moving average of $363.79 and a 200-day simple moving average of $467.76. The stock has a market capitalization of $11.69 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57. Lennox International has a 12 month low of $322.00 and a 12 month high of $587.27.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business posted $6.98 EPS. Lennox International’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Lennox International will post 21.39 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Lennox International’s dividend payout ratio (DPR) is 25.24%.

Lennox International Company Profile

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment.

The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.

Founded in 1895 by Dave Lennox, the company is headquartered in Richardson, Texas.