Wells Fargo & Company Reaffirms Market Perform Rating for Lennox International (LII)

Wells Fargo & Company reaffirmed their market perform rating on shares of Lennox International (NYSE:LII) in a research report released on Thursday morning, The Fly reports. They currently have a $210.00 target price on the construction company’s stock, up from their prior target price of $193.00. The analysts noted that the move was a valuation call.

LII has been the subject of several other reports. Morgan Stanley lifted their price objective on Lennox International from $161.00 to $166.00 and gave the stock an underweight rating in a research report on Monday, September 25th. Cowen restated a buy rating and set a $210.00 price objective on shares of Lennox International in a research report on Wednesday, November 29th. Stifel Nicolaus restated a hold rating and set a $207.00 price objective (up from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wolfe Research restated a peer perform rating on shares of Lennox International in a research report on Tuesday, October 3rd. Finally, Cleveland Research began coverage on Lennox International in a research report on Tuesday, October 3rd. They set a neutral rating for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $191.83.

Lennox International (NYSE:LII) opened at $204.67 on Thursday. The company has a debt-to-equity ratio of 23.87, a quick ratio of 0.72 and a current ratio of 1.24. Lennox International has a 12-month low of $147.54 and a 12-month high of $213.78. The stock has a market capitalization of $8,548.63, a P/E ratio of 26.37, a P/E/G ratio of 1.30 and a beta of 1.22.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.44 by $0.09. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $2.33 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. analysts predict that Lennox International will post 7.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.04 annualized dividend and a yield of 1.00%. Lennox International’s payout ratio is currently 28.90%.

In other Lennox International news, EVP Douglas L. Young sold 3,759 shares of Lennox International stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $192.60, for a total value of $723,983.40. Following the completion of the sale, the executive vice president now directly owns 57,396 shares of the company’s stock, valued at approximately $11,054,469.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Todd M. Bluedorn sold 8,313 shares of Lennox International stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the completion of the sale, the chairman now directly owns 181,973 shares of the company’s stock, valued at $36,929,600.62. The disclosure for this sale can be found here. Insiders sold a total of 26,605 shares of company stock valued at $5,252,694 over the last ninety days. 3.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Lennox International during the 2nd quarter valued at $20,855,000. Schroder Investment Management Group grew its stake in shares of Lennox International by 0.5% during the 2nd quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock valued at $85,504,000 after buying an additional 2,333 shares during the period. Nationwide Fund Advisors grew its stake in shares of Lennox International by 3.2% during the 2nd quarter. Nationwide Fund Advisors now owns 106,322 shares of the construction company’s stock valued at $19,525,000 after buying an additional 3,286 shares during the period. Tredje AP fonden purchased a new stake in shares of Lennox International during the 2nd quarter valued at $1,208,000. Finally, Hilton Capital Management LLC grew its stake in shares of Lennox International by 5.8% during the 3rd quarter. Hilton Capital Management LLC now owns 62,063 shares of the construction company’s stock valued at $11,107,000 after buying an additional 3,380 shares during the period. 68.90% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Company Reaffirms Market Perform Rating for Lennox International (LII)” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.com-unik.info/2017/12/18/wells-fargo-company-reaffirms-market-perform-rating-for-lennox-international-lii.html.

Lennox International Company Profile

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.

The Fly

Analyst Recommendations for Lennox International (NYSE:LII)

What are top analysts saying about Lennox International? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Lennox International and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit