Lennox International Inc. (NYSE:LII) Given Average Recommendation of “Hold” by Brokerages

Shares of Lennox International Inc. (NYSE:LII) have been given an average recommendation of “Hold” by the twelve analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $555.00.

LII has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research note on Thursday, July 25th. Barclays increased their price target on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Royal Bank of Canada increased their target price on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company downgraded shares of 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 report on Wednesday, July 10th.

Lennox International Stock Performance

LII stock opened at $612.54 on Tuesday. Lennox International has a 1-year low of $334.53 and a 1-year high of $627.09. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a 50-day moving average price of $570.55 and a 200-day moving average price of $522.30. The firm has a market cap of $21.82 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.15 earnings per share. As a group, equities research analysts expect that Lennox International will post 20.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The disclosure for this sale can be found here. Insiders have sold a total of 13,052 shares of company stock valued at $7,563,793 in the last 90 days. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently modified their holdings of LII. Innealta Capital LLC purchased a new stake in Lennox International in the second quarter worth $33,000. Massmutual Trust Co. FSB ADV increased its holdings in Lennox International by 38.8% in 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 last quarter. Rise Advisors LLC bought a new stake in Lennox International in the 1st quarter valued at about $41,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Lennox International during the second quarter valued at about $65,000. Finally, Bessemer Group Inc. boosted its position in Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after purchasing an additional 121 shares during the period. Institutional investors own 67.07% of the company’s stock.

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.