Cowen Reaffirms “Buy” Rating for Lennox International (LII)

Cowen reaffirmed their buy rating on shares of Lennox International (NYSE:LII) in a research note issued to investors on Thursday. They currently have a $220.00 price objective on the construction company’s stock.

Other research analysts also recently issued reports about the company. Robert W. Baird reduced their target price on Lennox International from $228.00 to $224.00 and set a buy rating on the stock in a report on Tuesday, October 23rd. ValuEngine raised Lennox International from a hold rating to a buy rating in a report on Tuesday, August 28th. Stephens started coverage on Lennox International in a report on Monday, November 19th. They issued an equal weight rating and a $229.00 target price on the stock. Buckingham Research started coverage on Lennox International in a report on Monday, December 10th. They issued a neutral rating and a $219.00 target price on the stock. Finally, UBS Group boosted their target price on Lennox International from $217.00 to $225.00 and gave the stock a neutral rating in a report on Thursday, August 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $219.60.

Shares of LII opened at $213.88 on Thursday. The company has a market capitalization of $8.62 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. Lennox International has a one year low of $177.36 and a one year high of $230.66.

Lennox International (NYSE:LII) last announced its earnings results on Monday, October 22nd. The construction company reported $2.72 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.20). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a negative return on equity of 474.74% and a net margin of 8.31%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 earnings per share. Research analysts anticipate that Lennox International will post 9.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, December 28th. Lennox International’s dividend payout ratio (DPR) is presently 32.32%.

In related news, EVP Prakash Bedapudi sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $207.00, for a total value of $2,070,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph William Reitmeier sold 1,715 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $210.96, for a total transaction of $361,796.40. Following the completion of the transaction, the chief financial officer now owns 13,703 shares of the company’s stock, valued at approximately $2,890,784.88. The disclosure for this sale can be found here. Insiders sold a total of 33,380 shares of company stock valued at $6,967,542 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System raised its position in Lennox International by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 25,771 shares of the construction company’s stock worth $5,158,000 after purchasing an additional 311 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Lennox International by 9.3% during the 3rd quarter. Toronto Dominion Bank now owns 4,037 shares of the construction company’s stock valued at $881,000 after acquiring an additional 342 shares during the last quarter. Aperio Group LLC raised its position in shares of Lennox International by 1.5% during the 3rd quarter. Aperio Group LLC now owns 25,918 shares of the construction company’s stock valued at $5,660,000 after acquiring an additional 391 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Lennox International by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,826 shares of the construction company’s stock valued at $2,967,000 after acquiring an additional 420 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Lennox International by 0.9% during the 3rd quarter. Teachers Advisors LLC now owns 47,035 shares of the construction company’s stock valued at $10,272,000 after acquiring an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Analyst Recommendations for Lennox International (NYSE:LII)

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