Lennox International, Inc. (LII) Receives $177.80 Consensus Target Price from Analysts

Shares of Lennox International, Inc. (NYSE:LII) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $180.25.

Several research firms have recently weighed in on LII. Cowen and Company upped their target price on shares of Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, June 27th. Wolfe Research began coverage on shares of Lennox International in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $190.00 target price (up previously from $162.50) on shares of Lennox International in a report on Friday, July 7th. BidaskClub lowered shares of Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $187.00 target price on shares of Lennox International in a report on Thursday, October 12th.

In other Lennox International news, EVP David W. Moon sold 2,350 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total transaction of $402,907.50. Following the transaction, the executive vice president now directly owns 112,408 shares in the company, valued at approximately $19,272,351.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the company’s stock in a transaction dated 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 transaction, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,216 shares of company stock worth $2,431,048. 3.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC lifted its position in Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after purchasing an additional 28 shares during the period. World Asset Management Inc lifted its position in Lennox International by 2.2% during the 2nd quarter. World Asset Management Inc now owns 2,784 shares of the construction company’s stock valued at $511,000 after purchasing an additional 61 shares during the period. Huntington National Bank lifted its position in Lennox International by 16.7% during the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after purchasing an additional 81 shares during the period. Arizona State Retirement System lifted its position in Lennox International by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,200 shares of the construction company’s stock valued at $2,975,000 after purchasing an additional 100 shares during the period. Finally, Dorsey Wright & Associates lifted its position in Lennox International by 0.5% during the 2nd quarter. Dorsey Wright & Associates now owns 21,830 shares of the construction company’s stock valued at $4,009,000 after purchasing an additional 116 shares during the period. Institutional investors own 68.23% of the company’s stock.

Shares of Lennox International (NYSE:LII) traded up 0.51% during mid-day trading on Thursday, reaching $180.30. 807,169 shares of the company traded hands. Lennox International has a 52-week low of $140.97 and a 52-week high of $192.58. The stock has a market capitalization of $7.61 billion, a PE ratio of 25.97 and a beta of 1.15. The stock’s 50 day moving average is $174.51 and its 200 day moving average is $174.11.

Lennox International (NYSE:LII) last posted its earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Lennox International will post $7.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.04 annualized dividend and a yield of 1.13%. Lennox International’s dividend payout ratio (DPR) is 29.35%.

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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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