Royal Bank of Canada Issues Positive Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII - Get Free Report) had its price target boosted by equities research analysts at Royal Bank of Canada from $617.00 to $642.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "sector perform" rating on the construction company's stock. Royal Bank of Canada's target price suggests a potential upside of 10.05% from the company's current price.

Several other research analysts also recently weighed in on LII. JPMorgan Chase & Co. boosted their target price on shares of Lennox International from $536.00 to $565.00 and gave the company an "underweight" rating in a research note on Thursday. KeyCorp downgraded shares of Lennox International from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 15th. Robert W. Baird lifted their price target on Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Mizuho cut Lennox International from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $675.00 to $625.00 in a report on Thursday. Finally, Wells Fargo & Company lifted their price target on Lennox International from $570.00 to $615.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $606.00.

Lennox International Price Performance

Shares of NYSE:LII traded down $9.03 during midday trading on Thursday, hitting $583.39. 587,920 shares of the stock were exchanged, compared to its average volume of 386,537. The stock has a market cap of $20.78 billion, a P/E ratio of 25.88, a PEG ratio of 2.16 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Lennox International has a twelve month low of $412.09 and a twelve month high of $682.50. The company has a 50 day moving average price of $639.82 and a 200-day moving average price of $607.96.

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

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 200 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 1,446 shares of the company's stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sherry Buck sold 500 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the sale, 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. Insiders sold a total of 1,200 shares of company stock worth $793,228 in the last 90 days. 10.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennox International

Institutional investors and hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International during the 3rd quarter valued at approximately $27,000. First Horizon Advisors Inc. bought a new position in Lennox International during the 3rd quarter worth $39,000. Huntington National Bank grew its stake in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company's stock worth $43,000 after buying an additional 23 shares during the last quarter. UMB Bank n.a. grew its stake in Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock worth $53,000 after buying an additional 70 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Lennox International during the 3rd quarter worth $77,000. 67.07% of the stock is owned by institutional investors and hedge funds.

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.