Stifel Nicolaus Reiterates Hold Rating for Lennox International, Inc. (LII)

Lennox International, Inc. (NYSE:LII)‘s stock had its “hold” rating restated by Stifel Nicolaus in a report released on Thursday. They presently have a $187.00 price objective on the construction company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 3.72% from the company’s current price.

A number of other brokerages have also recently commented on LII. Cowen and Company raised their price target on shares of Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Wolfe Research assumed coverage on shares of Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Wells Fargo & Company restated a “market perform” rating and set a $190.00 price target (up previously from $162.50) on shares of Lennox International in a research note on Friday, July 7th. Finally, Cleveland Research initiated coverage on shares of Lennox International in a research note on Tuesday, October 3rd. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $181.50.

Lennox International (NYSE LII) opened at 180.29 on Thursday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 25.97 and a beta of 1.15. The stock’s 50 day moving average price is $170.88 and its 200 day moving average price is $173.53. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. On average, equities research analysts anticipate that Lennox International will post $7.88 earnings per share for the current fiscal year.

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In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the completion of the sale, the chairman now owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $173.51, for a total transaction of $61,943.07. Following the sale, the vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,216 shares of company stock valued at $2,431,048. Company insiders own 3.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Lennox International in the second quarter valued at approximately $20,855,000. Congress Asset Management Co. MA increased its holdings in shares of Lennox International by 7.6% in the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock valued at $82,332,000 after purchasing an additional 31,840 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Lennox International by 0.5% in the second quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock valued at $85,504,000 after purchasing an additional 2,333 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Lennox International by 37.2% in the first quarter. UBS Asset Management Americas Inc. now owns 27,461 shares of the construction company’s stock valued at $4,594,000 after purchasing an additional 7,444 shares in the last quarter. Finally, Paloma Partners Management Co increased its holdings in shares of Lennox International by 272.2% in the first quarter. Paloma Partners Management Co now owns 11,511 shares of the construction company’s stock valued at $1,926,000 after purchasing an additional 8,418 shares in the last quarter. 68.33% of the stock is owned by institutional investors and hedge funds.

About Lennox International

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

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