Lennox International Inc. (NYSE:LII) Receives $590.50 Consensus Price Target from Analysts

Shares of Lennox International Inc. (NYSE:LII - Get Free Report) have been assigned a consensus rating of "Hold" from the fourteen research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $590.50.

Several research analysts recently commented on the company. Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Barclays upped their price objective on shares of Lennox International from $624.00 to $674.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. UBS Group raised their target price on shares of Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Northcoast Research began coverage on Lennox International in a report on Friday, November 22nd. They set a "sell" rating and a $475.00 target price on the stock. Finally, Morgan Stanley began coverage on Lennox International in a report on Monday, January 6th. They issued an "underweight" rating and a $595.00 price target for the company.

Lennox International Price Performance

LII traded up $5.06 during midday trading on Monday, hitting $647.92. 233,176 shares of the company traded hands, compared to its average volume of 614,127. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 1.69 and a beta of 1.11. The business has a 50 day simple moving average of $637.03 and a two-hundred day simple moving average of $602.29. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the previous year, the firm posted $5.37 EPS. Lennox International's revenue was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that Lennox International will post 21.12 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.71%. Lennox International's payout ratio is currently 21.84%.

Insiders Place Their Bets

In other Lennox International news, Director Shane D. Wall sold 325 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the transaction, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 13.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Kosel sold 200 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the transaction, the chief accounting officer now owns 1,446 shares of the company's stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock valued at $1,353,233 over the last 90 days. 10.40% of the stock is owned by company insiders.

Institutional Trading of Lennox International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Everence Capital Management Inc. purchased a new position in shares of Lennox International in the fourth quarter valued at approximately $567,000. Toronto Dominion Bank boosted its position in Lennox International by 27.0% in the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company's stock valued at $2,393,000 after buying an additional 841 shares during the period. New York State Common Retirement Fund boosted its position in Lennox International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company's stock valued at $33,304,000 after buying an additional 2,013 shares during the period. National Pension Service grew its stake in shares of Lennox International by 2.3% in the third quarter. National Pension Service now owns 51,263 shares of the construction company's stock worth $30,978,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock worth $4,635,000 after acquiring an additional 7,012 shares during the period. 67.07% of the stock is currently owned by hedge funds and other 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.