Lennox International Inc. (NYSE:LII) Receives $473.67 Average Target Price from Analysts

Lennox International Inc. (NYSE:LII) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $473.67.

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a report on Thursday, February 1st. They set a “buy” rating and a $523.00 price target on the stock. TD Cowen increased their price objective on Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. KeyCorp increased their price objective on Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Wells Fargo & Company increased their price objective on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. downgraded Lennox International from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $370.00 to $330.00 in a report on Thursday, February 1st.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently bought and sold shares of the company. Desjardins Global Asset Management Inc. increased its stake in Lennox International by 1.0% in the 4th 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 increased its position in Lennox International by 14.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock worth $289,000 after buying an additional 79 shares in the last quarter. Tobam increased its position in Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after buying an additional 82 shares in the last quarter. Rise Advisors LLC purchased a new position in Lennox International during the first quarter worth $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Lennox International during the fourth quarter worth $42,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Price Performance

Shares of NYSE LII opened at $459.32 on Friday. The stock’s 50-day moving average is $470.04 and its two-hundred day moving average is $433.64. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. Lennox International has a 1-year low of $256.74 and a 1-year high of $501.72. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Analysts forecast that Lennox International will post 19.74 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.96%. Lennox International’s payout ratio is 26.60%.

Lennox International Company Profile

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.