Lennox International Inc. (NYSE:LII) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $205.38.
Several brokerages have recently issued reports on LII. Cowen reaffirmed a “buy” rating and issued a $210.00 price target on shares of Lennox International in a research report on Wednesday, November 29th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $207.00 price target (up from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Robert W. Baird lowered their price target on Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. UBS began coverage on Lennox International in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price target on the stock. Finally, Wells Fargo reaffirmed a “market perform” rating and issued a $210.00 price target (up from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call.
Shares of Lennox International (NYSE:LII) traded up $0.67 during trading hours on Friday, hitting $212.11. The stock had a trading volume of 649,970 shares, compared to its average volume of 299,906. The firm has a market capitalization of $8,734.05, a P/E ratio of 29.67, a P/E/G ratio of 1.05 and a beta of 1.20. Lennox International has a 12 month low of $160.18 and a 12 month high of $223.05. The company has a current ratio of 1.74, a quick ratio of 1.00 and a debt-to-equity ratio of 19.37.
Lennox International announced that its board has authorized a share repurchase program on Wednesday, December 13th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 0.96%. Lennox International’s dividend payout ratio (DPR) is presently 28.53%.
In related news, VP Chris Kosel sold 754 shares of Lennox International stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $204.37, for a total transaction of $154,094.98. Following the sale, the vice president now directly owns 810 shares of the company’s stock, valued at $165,539.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Terry L. Johnston sold 3,651 shares of Lennox International stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $211.27, for a total value of $771,346.77. Following the sale, the executive vice president now directly owns 25,893 shares in the company, valued at $5,470,414.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,712 shares of company stock worth $4,714,528. 3.90% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund lifted its stake in Lennox International by 49.3% during the third quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock worth $23,839,000 after purchasing an additional 44,000 shares during the period. Toronto Dominion Bank lifted its stake in Lennox International by 240.8% during the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after purchasing an additional 1,146 shares during the period. Rhumbline Advisers lifted its stake in Lennox International by 11.7% during the third quarter. Rhumbline Advisers now owns 89,196 shares of the construction company’s stock worth $15,963,000 after purchasing an additional 9,330 shares during the period. Bank of New York Mellon Corp lifted its stake in Lennox International by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 697,173 shares of the construction company’s stock worth $124,773,000 after purchasing an additional 3,546 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Lennox International by 32.8% during the third quarter. SG Americas Securities LLC now owns 16,133 shares of the construction company’s stock worth $2,887,000 after purchasing an additional 3,981 shares during the period. 69.77% of the stock is currently owned by institutional investors and hedge funds.
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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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