Lennox International (NYSE:LII) Given New $565.00 Price Target at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its price target increased by investment analysts at JPMorgan Chase & Co. from $536.00 to $565.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 7.40% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Robert W. Baird lifted their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. UBS Group boosted their price objective on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their target price on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Barclays dropped their price objective on shares of Lennox International from $674.00 to $665.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Lennox International has an average rating of “Hold” and a consensus target price of $600.93.

Lennox International Stock Performance

Shares of NYSE:LII traded up $5.81 on Thursday, reaching $610.14. The company’s stock had a trading volume of 92,499 shares, compared to its average volume of 353,746. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50. The stock’s 50-day moving average is $642.08 and its two-hundred day moving average is $607.18. The stock has a market capitalization of $21.73 billion, a P/E ratio of 28.97, a PEG ratio of 1.95 and a beta of 1.11.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. As a group, sell-side analysts forecast that Lennox International will post 21.2 EPS for the current year.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the sale, the chief accounting officer now directly owns 1,446 shares in the company, valued at approximately $904,458.54. This represents a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares of the company’s stock, valued at $1,118,632.82. The trade was a 22.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,200 shares of company stock worth $793,228 in the last quarter. 10.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lennox International

Institutional investors have recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd boosted its holdings in Lennox International by 469.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock valued at $12,895,000 after purchasing an additional 17,357 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lennox International by 2.2% in the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after acquiring an additional 12,183 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Lennox International by 1,065.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after acquiring an additional 7,012 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Lennox International by 26.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after purchasing an additional 4,927 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in shares of Lennox International by 386.0% during the fourth quarter. Entropy Technologies LP now owns 5,540 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors and hedge funds 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.