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

Lennox International (NYSE:LII) had its price target decreased by analysts at Wells Fargo & Company from $545.00 to $520.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 8.99% from the company’s previous close.

Other analysts also recently issued reports about the stock. KeyCorp increased their price target on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. downgraded shares of Lennox International from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $370.00 to $330.00 in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Lennox International in a report on Thursday, February 1st. They set a “buy” rating and a $523.00 price target on the stock. Barclays increased their price target on shares of Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, TD Cowen increased their price target on shares of Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $482.31.

Lennox International Stock Up 0.3 %

NYSE:LII opened at $477.10 on Thursday. The firm has a market capitalization of $16.99 billion, a P/E ratio of 27.64, a PEG ratio of 2.33 and a beta of 1.02. Lennox International has a 1-year low of $264.88 and a 1-year high of $501.72. The company’s fifty day moving average price is $472.39 and its 200-day moving average price is $435.55. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.72.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. As a group, equities research analysts anticipate that Lennox International will post 19.77 EPS for the current year.

Insider Transactions at Lennox International

In other news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Desjardins Global Asset Management Inc. increased its position in Lennox International by 1.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock worth $1,945,000 after purchasing an additional 41 shares during the last quarter. Eagle Bay Advisors LLC increased its position in shares of Lennox International by 14.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock valued at $289,000 after acquiring an additional 79 shares during the last quarter. Tobam increased its position in shares of Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Lennox International during the first quarter valued at about $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Lennox International during the fourth quarter valued at about $42,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.