Lennox International (NYSE:LII – Get Free Report) had its price objective increased by investment analysts at Wells Fargo & Company from $520.00 to $550.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 12.28% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Stephens reiterated an “overweight” rating and set a $550.00 price target on shares of Lennox International in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lennox International in a research note on Thursday, February 1st. They set a “buy” rating and a $523.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. UBS Group lifted their target price on Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, KeyCorp upped their price target on Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Lennox International has an average rating of “Moderate Buy” and a consensus price target of $484.62.
Get Our Latest Stock Report on Lennox International
Lennox International Stock Performance
NYSE:LII opened at $489.86 on Friday. The stock has a market capitalization of $17.45 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03. The company has a current ratio of 1.43, a quick ratio of 0.68 and a debt-to-equity ratio of 3.13. Lennox International has a 1 year low of $271.51 and a 1 year high of $506.41. The firm has a 50 day moving average of $476.27 and a 200-day moving average of $448.01.
Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. As a group, sell-side analysts anticipate that Lennox International will post 19.92 EPS for the current fiscal year.
Insider Activity
In related news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.
Institutional Trading of Lennox International
A number of institutional investors have recently modified their holdings of LII. Nisa Investment Advisors LLC lifted its stake in Lennox International by 4.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,537 shares of the construction company’s stock valued at $2,073,000 after acquiring an additional 253 shares in the last quarter. RiverFront Investment Group LLC bought a new stake in shares of Lennox International in the third quarter worth $1,490,000. Advisors Preferred LLC acquired a new position in Lennox International during the third quarter worth $370,000. Penobscot Investment Management Company Inc. acquired a new position in Lennox International during the third quarter worth $225,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in Lennox International by 1.8% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 10,311 shares of the construction company’s stock valued at $3,861,000 after purchasing an additional 183 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.
About Lennox International
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. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.
Further Reading
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Source: defenseworld.net
