Lennox International Inc. (NYSE:LII) Receives Average Rating of “Hold” from Analysts

Shares of Lennox International Inc. (NYSE:LII – Get Rating) have been given an average recommendation of “Hold” by the thirteen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $244.40.

A number of equities analysts have commented on LII shares. Cowen upgraded Lennox International from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research note on Friday, July 8th. Morgan Stanley lifted their target price on Lennox International from $255.00 to $268.00 and gave the company an “equal weight” rating in a research note on Thursday, September 1st. Wells Fargo & Company lifted their target price on Lennox International from $229.00 to $249.00 and gave the company an “equal weight” rating in a research note on Monday, August 1st. Barclays cut their price target on Lennox International from $240.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, July 8th. Finally, Mizuho cut their price target on Lennox International from $225.00 to $210.00 and set an “underperform” rating on the stock in a report on Monday, July 18th.

Lennox International Stock Performance

NYSE:LII opened at $223.76 on Friday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 17.31 and a beta of 0.93. Lennox International has a one year low of $182.85 and a one year high of $334.78. The stock has a 50-day simple moving average of $243.96 and a 200-day simple moving average of $233.34.

Lennox International (NYSE:LII – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The construction company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lennox International had a negative return on equity of 134.81% and a net margin of 10.69%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $4.57 earnings per share. On average, equities research analysts forecast that Lennox International will post 14.23 EPS for the current fiscal year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $4.24 annualized dividend and a yield of 1.89%. Lennox International’s payout ratio is 32.79%.

Insider Buying and Selling

In other Lennox International news, EVP Daniel M. Sessa sold 2,213 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $243.40, for a total value of $538,644.20. Following the transaction, the executive vice president now owns 44,156 shares of the company’s stock, valued at $10,747,570.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Lennox International news, EVP Daniel M. Sessa sold 2,213 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $243.40, for a total value of $538,644.20. Following the transaction, the executive vice president now owns 44,156 shares of the company’s stock, valued at $10,747,570.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Kosel sold 400 shares of Lennox International stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $261.11, for a total transaction of $104,444.00. Following the transaction, the chief accounting officer now owns 1,897 shares in the company, valued at $495,325.67. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

A number of large investors have recently bought and sold shares of LII. Eagle Bay Advisors LLC raised its position in shares of Lennox International by 65.3% during the first quarter. Eagle Bay Advisors LLC now owns 157 shares of the construction company’s stock valued at $40,000 after buying an additional 62 shares during the last quarter. NuWave Investment Management LLC increased its stake in Lennox International by 82.1% in the first quarter. NuWave Investment Management LLC now owns 173 shares of the construction company’s stock valued at $45,000 after acquiring an additional 78 shares during the period. Quent Capital LLC bought a new stake in Lennox International in the fourth quarter valued at about $57,000. Tobam ​​increased its stake in Lennox International by 90.7% in the first quarter. Tobam ​​now owns 225 shares of the construction company’s stock valued at $58,000 after acquiring an additional 107 shares during the period. Finally, Venture Visionary Partners LLC bought a new stake in Lennox International in the second quarter valued at about $81,000. 63.92% of the stock is currently owned by institutional investors.

About Lennox International

(Get Rating)

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

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Analyst Recommendations for Lennox International (NYSE:LII)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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