Lennox International (NYSE:LII) Price Target Increased to $550.00 by Analysts at Barclays

Lennox International (NYSE:LII) had its price objective boosted by Barclays from $517.00 to $550.00 in a research report released on Friday, Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Lennox International from $350.00 to $360.00 and gave the company an underweight rating in a research note on Thursday, April 25th. Royal Bank of Canada increased their target price on shares of Lennox International from $566.00 to $572.00 and gave the company a sector perform rating in a research note on Thursday, July 25th. The Goldman Sachs Group raised their price target on shares of Lennox International from $507.00 to $575.00 and gave the stock a buy rating in a research note on Wednesday, July 10th. KeyCorp raised their price target on shares of Lennox International from $515.00 to $600.00 and gave the stock an overweight rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company downgraded shares of Lennox International from an overweight rating to an equal weight rating and raised their price target for the stock from $550.00 to $570.00 in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $543.62.

Lennox International Price Performance

LII stock opened at $569.60 on Friday. Lennox International has a 52 week low of $334.53 and a 52 week high of $583.42. The firm has a market capitalization of $20.29 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $531.80 and a two-hundred day simple moving average of $487.93.

Lennox International (NYSE:LII) last announced 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $6.15 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts anticipate that Lennox International will post 20.06 earnings per share for the current fiscal year.

Lennox International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $1.15 per share. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.60 dividend on an annualized basis and a yield of 0.81%. Lennox International’s dividend payout ratio (DPR) is 26.65%.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Institutional investors have recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Lennox International in the 2nd quarter valued at about $33,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Tobam boosted its stake in Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after purchasing an additional 82 shares in the last quarter. Rise Advisors LLC acquired a new stake in Lennox International in the 1st quarter worth approximately $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Lennox International in the 4th quarter worth approximately $42,000. 67.07% of the stock is currently owned by institutional investors.

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.