Credit Suisse Group started coverage on shares of Lennox International (NYSE:LII) in a report published on Friday, Marketbeat reports. The firm issued an outperform rating and a $229.00 price target on the construction company’s stock.
LII has been the subject of a number of other reports. Barclays upped their price target on shares of Lennox International from $233.00 to $239.00 and gave the company an overweight rating in a report on Thursday, August 9th. ValuEngine downgraded shares of Lennox International from a buy rating to a hold rating in a research report on Tuesday, October 2nd. TheStreet raised shares of Lennox International from a c+ rating to a b rating in a research report on Monday, July 23rd. Wells Fargo & Co boosted their price objective on shares of Lennox International from $220.00 to $230.00 and gave the company a market perform rating in a research report on Monday, July 9th. Finally, Seaport Global Securities downgraded shares of Lennox International from a buy rating to a neutral rating in a research report on Tuesday, July 24th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $221.50.
NYSE:LII traded down $1.30 during midday trading on Friday, reaching $197.20. 383,676 shares of the stock traded hands, compared to its average volume of 320,084. Lennox International has a 12 month low of $178.12 and a 12 month high of $229.98. The company has a quick ratio of 1.14, a current ratio of 1.86 and a debt-to-equity ratio of -7.32. The firm has a market capitalization of $8.79 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.24 and a beta of 1.14.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, beating the Zacks’ consensus estimate of $3.56 by $0.11. Lennox International had a net margin of 8.15% and a negative return on equity of 750.65%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $2.83 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. As a group, analysts anticipate that Lennox International will post 9.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 27th. Lennox International’s payout ratio is currently 32.32%.
In other Lennox International news, Chairman Todd M. Bluedorn sold 8,435 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $216.64, for a total transaction of $1,827,358.40. Following the transaction, the chairman now directly owns 139,228 shares of the company’s stock, valued at approximately $30,162,353.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 340 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $225.00, for a total transaction of $76,500.00. Following the transaction, the executive vice president now directly owns 19,118 shares in the company, valued at $4,301,550. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,017 shares of company stock worth $1,957,118. Insiders own 3.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC grew its position in shares of Lennox International by 354.7% in the 2nd quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock worth $126,000 after buying an additional 493 shares during the period. Steward Partners Investment Advisory LLC grew its position in Lennox International by 583.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock valued at $319,000 after purchasing an additional 1,359 shares during the last quarter. Lara May & Associates LLC purchased a new stake in Lennox International during the 1st quarter valued at about $340,000. We Are One Seven LLC purchased a new stake in Lennox International during the 3rd quarter valued at about $364,000. Finally, Toronto Dominion Bank grew its position in Lennox International by 43.6% during the 2nd quarter. Toronto Dominion Bank now owns 3,695 shares of the construction company’s stock valued at $740,000 after purchasing an additional 1,122 shares during the last quarter. 68.39% of the stock is currently owned by hedge funds and other institutional investors.
Lennox International Company Profile
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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