JPMorgan Chase & Co. Lowers Lennox International (NYSE:LII) Price Target to $455.00

Lennox International (NYSE:LII - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $565.00 to $455.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the construction company's stock.

A number of other research firms have also recently weighed in on LII. Barclays raised Lennox International from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Morgan Stanley began coverage on Lennox International in a research note on Monday, January 6th. They issued an "underweight" rating and a $595.00 target price for the company. UBS Group upped their price target on shares of Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Wells Fargo & Company restated an "underweight" rating and issued a $580.00 price objective (down previously from $630.00) on shares of Lennox International in a research report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on shares of Lennox International from $617.00 to $642.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lennox International currently has a consensus rating of "Hold" and a consensus price target of $606.15.

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Lennox International Price Performance

Shares of NYSE:LII traded up $2.89 on Tuesday, hitting $553.18. The stock had a trading volume of 326,142 shares, compared to its average volume of 345,495. The firm's 50 day moving average price is $583.06 and its 200-day moving average price is $610.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. Lennox International has a twelve month low of $445.63 and a twelve month high of $682.50. The company has a market capitalization of $19.68 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, equities research analysts predict that Lennox International will post 22.94 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $1.15 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.83%. Lennox International's dividend payout ratio is currently 20.41%.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares of the company's stock, valued at $825,864.40. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently made changes to their positions in LII. Geode Capital Management LLC increased its position in shares of Lennox International by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock valued at $542,374,000 after buying an additional 317,937 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lennox International by 69,429.8% in the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after acquiring an additional 356,175 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Lennox International by 500.0% during the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after purchasing an additional 78,406 shares during the period. BNP Paribas Financial Markets raised its position in shares of Lennox International by 227.4% during the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock worth $46,398,000 after purchasing an additional 52,888 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Lennox International by 6.4% during the 1st quarter. Rhumbline Advisers now owns 67,372 shares of the construction company's stock valued at $37,784,000 after purchasing an additional 4,047 shares in the last quarter. 67.07% of the stock is 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.