Lennox International's (LII) "Overweight" Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Lennox International (NYSE:LII - Free Report) in a report issued on Friday morning,Benzinga reports. Stephens currently has a $750.00 target price on the construction company's stock.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Lennox International from $536.00 to $565.00 and gave the company an "underweight" rating in a research note on Thursday, January 30th. Wells Fargo & Company reissued an "underweight" rating and set a $580.00 price target (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Mizuho downgraded Lennox International from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $675.00 to $625.00 in a research note on Thursday, January 30th. Barclays upgraded Lennox International from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $665.00 to $702.00 in a research report on Wednesday, February 26th. Finally, Morgan Stanley started coverage on Lennox International in a research report on Monday, January 6th. They issued an "underweight" rating and a $595.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $614.62.

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Lennox International Stock Performance

Lennox International stock traded down $39.03 during mid-day trading on Friday, reaching $565.59. 862,989 shares of the company were exchanged, compared to its average volume of 307,034. The firm's 50-day simple moving average is $615.60 and its two-hundred day simple moving average is $615.35. Lennox International has a twelve month low of $445.63 and a twelve month high of $682.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market cap of $20.12 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results 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 126.79% and a net margin of 15.11%. Equities analysts predict that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company's stock, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in shares of Lennox International by 164.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 605 shares of the construction company's stock worth $366,000 after buying an additional 376 shares during the last quarter. National Pension Service grew its position in Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company's stock valued at $30,978,000 after acquiring an additional 1,140 shares during the period. Entropy Technologies LP acquired a new stake in Lennox International during the third quarter worth about $689,000. Huntington National Bank raised its holdings in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company's stock worth $43,000 after purchasing an additional 23 shares during the period. Finally, First Horizon Advisors Inc. acquired a new position in shares of Lennox International in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors 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.