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.
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.
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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.
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