Lennox International (NYSE:LII) PT Raised to $575.00 at Barclays

Lennox International (NYSE:LIIFree Report) had its price objective hoisted by Barclays from $550.00 to $575.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Several other research firms have also recently weighed in on LII. Robert W. Baird upped their price objective on Lennox International from $505.00 to $610.00 and gave the stock a neutral rating in a research report on Monday, July 15th. TD Cowen upped their price objective on Lennox International from $550.00 to $600.00 and gave the stock a buy rating in a research report on Friday, June 21st. Royal Bank of Canada upped their price objective on Lennox International from $566.00 to $572.00 and gave the stock a sector perform rating in a research report on Thursday, July 25th. Wells Fargo & Company cut Lennox International from an overweight rating to an equal weight rating and upped their price objective for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th. Finally, KeyCorp increased their price target on Lennox International from $515.00 to $600.00 and gave the company an overweight rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $557.08.

Read Our Latest Stock Analysis on LII

Lennox International Trading Up 0.8 %

NYSE LII opened at $594.05 on Wednesday. Lennox International has a 12 month low of $334.53 and a 12 month high of $627.09. The stock has a 50-day simple moving average of $579.35 and a 200 day simple moving average of $530.38. The company has a market capitalization of $21.16 billion, a PE ratio of 34.42, a P/E/G ratio of 1.97 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LIIGet Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company earned $6.15 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts forecast that Lennox International will post 20.32 EPS for the current year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.77%. Lennox International’s dividend payout ratio (DPR) is currently 26.65%.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,052 shares of company stock worth $7,563,793. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in Lennox International during the 2nd quarter worth $33,000. Massmutual Trust Co. FSB ADV increased its stake in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares during the period. Rise Advisors LLC bought a new position in Lennox International during the 1st quarter worth $41,000. Whittier Trust Co. of Nevada Inc. bought a new position in Lennox International during the 2nd quarter worth $65,000. Finally, Bessemer Group Inc. increased its stake in Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after acquiring an additional 121 shares during the period. Institutional investors own 67.07% of the company’s stock.

About Lennox International

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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.

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