Lennox International (NYSE:LII) Price Target Raised to $565.00

Lennox International (NYSE:LII - Free Report) had its target price increased by JPMorgan Chase & Co. from $536.00 to $565.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the construction company's stock.

Several other equities research analysts have also recently commented on LII. Northcoast Research began coverage on shares of Lennox International in a research report on Friday, November 22nd. They issued a "sell" rating and a $475.00 price objective on the stock. UBS Group increased their price objective on Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Mizuho downgraded Lennox International from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $675.00 to $625.00 in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on shares of Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $606.00.

Lennox International Trading Down 1.6 %

NYSE LII traded down $9.19 on Thursday, reaching $583.23. The company had a trading volume of 434,955 shares, compared to its average volume of 382,441. Lennox International has a 52 week low of $412.09 and a 52 week high of $682.50. The stock's 50 day moving average is $639.82 and its 200-day moving average is $607.96. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 2.16 and a beta of 1.10.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, topping 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%. Equities analysts predict that Lennox International will post 23.09 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, December 31st. Lennox International's payout ratio is presently 20.41%.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the sale, the chief accounting officer now owns 1,446 shares of the company's stock, valued at approximately $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry Buck sold 500 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the transaction, the director now directly owns 1,693 shares in the company, valued at approximately $1,118,632.82. This represents a 22.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,200 shares of company stock worth $793,228. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LII. Mediolanum International Funds Ltd boosted its stake in shares of Lennox International by 469.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company's stock valued at $12,895,000 after buying an additional 17,357 shares during the period. Geode Capital Management LLC lifted its position in shares of Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company's stock valued at $345,645,000 after acquiring an additional 12,183 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Lennox International by 1,065.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock worth $4,635,000 after purchasing an additional 7,012 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company's stock worth $14,056,000 after purchasing an additional 4,927 shares during the period. Finally, Entropy Technologies LP increased its position in shares of Lennox International by 386.0% in the fourth quarter. Entropy Technologies LP now owns 5,540 shares of the construction company's stock worth $3,376,000 after purchasing an additional 4,400 shares during the period. Institutional investors and hedge funds own 67.07% of the company's stock.

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.