Lennox International (NYSE:LII) PT Raised to $572.00 at Royal Bank of Canada

Lennox International (NYSE:LII) had its price objective increased by Royal Bank of Canada from $566.00 to $572.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a sector perform rating on the construction company’s stock.

LII has been the topic of a number of other research reports. Stephens reaffirmed an overweight rating and set a $550.00 price target on shares of Lennox International in a research note on Thursday, April 25th. TD Cowen increased their price target on shares of Lennox International from $550.00 to $600.00 and gave the stock a buy rating in a research note on Friday, June 21st. UBS Group increased their price target on shares of Lennox International from $450.00 to $485.00 and gave the stock a neutral rating in a research note on Thursday, April 25th. Wells Fargo & Company downgraded shares of Lennox International from an overweight rating to an equal weight rating and increased their price target for the stock from $550.00 to $570.00 in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group increased 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $543.62.

Lennox International Stock Performance

Shares of LII opened at $572.80 on Thursday. 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 company has a market capitalization of $20.41 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 1.85 and a beta of 1.07. The company’s 50 day simple moving average is $530.22 and its 200 day simple moving average is $487.03. Lennox International has a 1 year low of $334.53 and a 1 year high of $583.42.

Lennox International (NYSE:LII) last announced its quarterly earnings data 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.15 earnings per share. On average, sell-side analysts predict that Lennox International will post 20.06 EPS for the current year.

Lennox International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Friday, June 28th. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Institutional Investors Weigh In On Lennox International

A number of large investors have recently added to or reduced their stakes in LII. Massmutual Trust Co. FSB ADV grew its holdings in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares in the last quarter. Tobam grew its holdings in Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. Rise Advisors LLC acquired a new position in Lennox International during the 1st quarter worth $41,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Lennox International during the 4th quarter worth $42,000. Finally, Bessemer Group Inc. grew its holdings in Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after acquiring an additional 121 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

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.