The Goldman Sachs Group Lowers Lennox International (NYSE:LII) Price Target to $190.00

Lennox International (NYSE:LIIGet Rating) had its price objective dropped by research analysts at The Goldman Sachs Group from $248.00 to $190.00 in a report released on Thursday, Stock Target Advisor reports. The firm presently has a “sell” rating on the construction company’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 1.36% from the stock’s current price.

A number of other research analysts also recently commented on the company. Barclays lowered their target price on Lennox International from $260.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 24th. Credit Suisse Group decreased their price target on Lennox International from $258.00 to $242.00 and set an “underperform” rating on the stock in a report on Tuesday, April 26th. Morgan Stanley decreased their price target on Lennox International from $254.00 to $238.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 31st. Deutsche Bank Aktiengesellschaft decreased their price target on Lennox International from $394.00 to $334.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. Finally, StockNews.com began coverage on Lennox International in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $266.50.

LII stock traded up $4.32 during midday trading on Thursday, hitting $192.61. The company’s stock had a trading volume of 1,416 shares, compared to its average volume of 282,374. Lennox International has a 12 month low of $182.85 and a 12 month high of $354.62. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95. The company has a 50 day moving average of $213.95 and a two-hundred day moving average of $258.90.

Lennox International (NYSE:LIIGet Rating) last posted its earnings results on Monday, April 25th. The construction company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.33. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $977.60 million. Lennox International had a negative return on equity of 153.38% and a net margin of 10.84%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. On average, analysts expect that Lennox International will post 14.12 EPS for the current year.

In other Lennox International news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $205.16, for a total transaction of $41,032.00. Following the sale, the chief accounting officer now owns 2,297 shares in the company, valued at approximately $471,252.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Elliot S. Zimmer sold 1,035 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $214.19, for a total value of $221,686.65. Following the completion of the transaction, the chief operating officer now owns 2,443 shares in the company, valued at approximately $523,266.17. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Lennox International by 112.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,914 shares of the construction company’s stock valued at $494,000 after purchasing an additional 1,015 shares during the period. Achmea Investment Management B.V. acquired a new stake in shares of Lennox International in the 1st quarter valued at about $19,570,000. MetLife Investment Management LLC boosted its position in shares of Lennox International by 33.4% in the 1st quarter. MetLife Investment Management LLC now owns 21,762 shares of the construction company’s stock valued at $5,612,000 after purchasing an additional 5,449 shares during the period. Pinebridge Investments L.P. acquired a new stake in Lennox International during the 1st quarter worth approximately $338,000. Finally, Nicholas Company Inc. lifted its position in Lennox International by 2.3% during the 1st quarter. Nicholas Company Inc. now owns 46,900 shares of the construction company’s stock worth $12,094,000 after acquiring an additional 1,045 shares during the period. Institutional investors and hedge funds own 68.73% of the company’s stock.

About Lennox International (Get Rating)

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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Further Reading

Stock Target Advisor logo

Analyst Recommendations for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.