Barclays Lowers Lennox International (NYSE:LII) Price Target to $665.00

Lennox International (NYSE:LII) had its price target lowered by analysts at Barclays from $674.00 to $665.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price would indicate a potential upside of 9.78% from the stock’s previous close.

A number of other research firms also recently issued reports on LII. Northcoast Research started coverage on Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $675.00 to $625.00 in a research note on Thursday. Morgan Stanley started coverage on shares of Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 target price for the company. Robert W. Baird upped their price target on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, UBS Group lifted their price objective on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Lennox International presently has a consensus rating of “Hold” and an average price target of $586.29.

Lennox International Price Performance

LII opened at $605.75 on Thursday. The stock’s 50 day moving average price is $642.08 and its 200-day moving average price is $607.18. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50. The stock has a market capitalization of $21.58 billion, a PE ratio of 28.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. On average, equities research analysts predict that Lennox International will post 21.2 EPS for the current year.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the transaction, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Todd J. Teske sold 500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the sale, the director now directly owns 7,911 shares of the company’s stock, valued at $5,344,038.72. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,200 shares of company stock valued at $793,228. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International in the third quarter worth about $27,000. First Horizon Advisors Inc. bought a new position in shares of Lennox International during the 3rd quarter valued at approximately $39,000. Huntington National Bank increased its position in Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after purchasing an additional 23 shares during the last quarter. UMB Bank n.a. raised its stake in Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Lennox International during the third quarter valued at $77,000. 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.