Lennox International (NYSE:LII - Get Free Report) was downgraded by research analysts at Mizuho from an "outperform" rating to a "neutral" rating in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $625.00 price objective on the construction company's stock, down from their previous price objective of $675.00. Mizuho's target price suggests a potential upside of 3.00% from the stock's previous close.
Other equities research analysts also recently issued reports about the company. Robert W. Baird upped their price objective on Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Barclays increased their price objective on Lennox International from $624.00 to $674.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. KeyCorp cut Lennox International from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 15th. UBS Group increased their target price on Lennox International from $575.00 to $625.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company increased their target price on Lennox International from $570.00 to $615.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Lennox International presently has a consensus rating of "Hold" and an average target price of $602.57.
Read Our Latest Research Report on LII
Lennox International Stock Performance
NYSE:LII traded up $2.46 during mid-day trading on Thursday, hitting $606.79. 332,503 shares of the company traded hands, compared to its average volume of 366,686. The stock's fifty day moving average price is $642.08 and its 200-day moving average price is $607.18. Lennox International has a one year low of $412.09 and a one year high of $682.50. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11.
Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. Research analysts anticipate that Lennox International will post 21.2 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Sherry Buck sold 500 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the transaction, the director now owns 1,693 shares in the company, valued at $1,118,632.82. This trade represents a 22.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction dated Wednesday, November 13th. The shares were 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 $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,200 shares of company stock worth $793,228 in the last 90 days. Insiders own 10.40% of the company's stock.
Hedge Funds Weigh In On Lennox International
Several institutional investors and hedge funds have recently modified their holdings of LII. Mediolanum International Funds Ltd increased its stake in shares of Lennox International by 469.6% in the 4th quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company's stock valued at $12,895,000 after purchasing an additional 17,357 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company's stock valued at $345,645,000 after purchasing an additional 12,183 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Lennox International by 1,065.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock valued at $4,635,000 after purchasing an additional 7,012 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Lennox International by 26.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company's stock valued at $14,056,000 after purchasing an additional 4,927 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in shares of Lennox International by 386.0% in the 4th quarter. Entropy Technologies LP now owns 5,540 shares of the construction company's stock valued at $3,376,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company's stock.
About Lennox International
(
Get Free Report)
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.
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