Lennox International (NYSE:LII) Reaches New 52-Week High at $552.26

Lennox International Inc. (NYSE:LII)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $552.26 and last traded at $550.85, with a volume of 7634 shares changing hands. The stock had previously closed at $542.69.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LII. TD Cowen upped their price target on shares of Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Royal Bank of Canada increased their target price on shares of Lennox International from $481.00 to $510.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. KeyCorp lifted their price target on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Barclays upped their price target on Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, UBS Group lifted their price objective on Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $491.92.

Lennox International Price Performance

The firm has a market capitalization of $19.58 billion, a PE ratio of 31.44, a P/E/G ratio of 2.53 and a beta of 1.05. The company has a 50-day moving average price of $498.89 and a 200-day moving average price of $470.18. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The company 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%. Sell-side analysts forecast that Lennox International Inc. will post 19.92 EPS for the current year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $1.15 dividend. This is a boost from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, June 28th. Lennox International’s payout ratio is presently 25.49%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. iA Global Asset Management Inc. acquired a new position in Lennox International in the third quarter valued at $8,067,000. Carmignac Gestion increased its stake in shares of Lennox International by 61.0% during the 3rd quarter. Carmignac Gestion now owns 3,167 shares of the construction company’s stock valued at $1,186,000 after acquiring an additional 1,200 shares during the last quarter. DNB Asset Management AS purchased a new position in shares of Lennox International during the 4th quarter worth about $5,393,000. Handelsinvest Investeringsforvaltning acquired a new stake in shares of Lennox International in the fourth quarter worth approximately $560,000. Finally, Tilia Fiduciary Partners Inc. grew its holdings in Lennox International by 2.6% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 4,333 shares of the construction company’s stock valued at $1,939,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.