Lennox International (NYSE:LII) Downgraded by KeyCorp

KeyCorp downgraded shares of Lennox International (NYSE:LII) from an overweight rating to a sector weight rating in a report published on Tuesday morning, Marketbeat.com reports. KeyCorp also issued estimates for Lennox International’s Q3 2024 earnings at $5.95 EPS, Q4 2024 earnings at $4.15 EPS, FY2024 earnings at $20.40 EPS and FY2025 earnings at $22.85 EPS.

Several other analysts also recently weighed in on LII. Robert W. Baird lifted their target price on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Barclays lifted their target price on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. 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. TD Cowen increased their price objective on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Finally, Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Lennox International has a consensus rating of “Hold” and an average target price of $570.00.

Lennox International Stock Up 0.5 %

Lennox International stock opened at $603.55 on Tuesday. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.09. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The firm has a 50 day moving average price of $588.03 and a 200 day moving average price of $538.31. The company has a market capitalization of $21.50 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $6.15 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts expect that Lennox International will post 20.34 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Insider Activity at Lennox International

In related news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction 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 of the company’s stock, valued at $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at $944,458.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction dated 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 directly owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,052 shares of company stock valued at $7,563,793 over the last quarter. 10.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently made changes to their positions in LII. Innealta Capital LLC purchased a new position in shares of Lennox International during the second quarter worth about $33,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Lennox International during the first quarter worth about $41,000. UMB Bank n.a. grew its holdings in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Lennox International during the second quarter worth about $65,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

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.