Lennox International (NYSE:LII) Hits New 12-Month High – What’s Next?

Lennox International Inc. (NYSE:LII) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $627.46 and last traded at $618.67, with a volume of 330181 shares traded. The stock had previously closed at $594.37.

Analyst Upgrades and Downgrades

Several brokerages have commented on LII. Stephens reissued an “overweight” rating and set a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group upped their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Barclays lifted their price objective on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada lifted their price target on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $570.00.

Lennox International Stock Performance

The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The stock’s 50-day moving average price is $590.11 and its 200-day moving average price is $541.73. The company has a market cap of $21.56 billion, a P/E ratio of 34.43, a PEG ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business posted $6.15 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Lennox International Inc. will post 20.34 EPS for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. Lennox International’s payout ratio is 26.65%.

Insider Transactions at Lennox International

In other news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International 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 in the company, valued at approximately $9,438,608. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,052 shares of company stock valued at $7,563,793. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of Lennox International

Institutional investors have recently modified their holdings of the business. Forsta AP Fonden grew its position in shares of Lennox International by 165.0% in the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after buying an additional 13,200 shares during the last quarter. Swedbank AB bought a new stake in shares of Lennox International in the 1st quarter valued at $15,416,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after buying an additional 6,041 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Lennox International in the first quarter valued at $728,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Lennox International during the second quarter valued at $491,000. 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.