Northcoast Research Begins Coverage on Lennox International (NYSE:LII)

Northcoast Research assumed coverage on shares of Lennox International (NYSE:LII - Free Report) in a report released on Friday, Marketbeat Ratings reports. The brokerage issued a sell rating and a $475.00 price target on the construction company's stock.

LII has been the subject of a number of other research reports. Barclays increased their price objective on Lennox International from $575.00 to $624.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. KeyCorp downgraded shares of Lennox International from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 15th. Mizuho raised their target price on Lennox International from $650.00 to $675.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lennox International has a consensus rating of "Hold" and an average price target of $575.54.

Lennox International Price Performance

Shares of LII stock traded up $7.09 during trading hours on Friday, hitting $657.69. 236,868 shares of the company's stock were exchanged, compared to its average volume of 270,540. The company has a market capitalization of $23.43 billion, a PE ratio of 31.02, a PEG ratio of 1.91 and a beta of 1.07. 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 12-month low of $397.34 and a 12-month high of $658.69. The business's 50 day simple moving average is $609.68 and its 200-day simple moving average is $563.67.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $5.37 earnings per share. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Lennox International will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.70%. Lennox International's payout ratio is currently 21.84%.

Insider Buying and Selling at Lennox International

In other news, Director Shane D. Wall sold 325 shares of Lennox International stock in a transaction dated 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 of the company's stock, valued at $1,247,393.95. The trade was a 13.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now directly owns 16,162 shares of the company's stock, valued at $9,438,608. This represents a 24.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,480 shares of company stock worth $3,823,519. Insiders own 10.40% of the company's stock.

Institutional Trading of Lennox International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Lennox International during the second quarter worth about $33,000. Massmutual Trust Co. FSB ADV grew its holdings in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company's stock valued at $36,000 after buying an additional 19 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Lennox International during the third quarter valued at approximately $39,000. Huntington National Bank lifted its holdings in shares of Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company's stock worth $43,000 after buying an additional 23 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock worth $53,000 after acquiring an additional 70 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

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.