Lennox International (NYSE:LII) Given New $575.00 Price Target at Barclays

Lennox International (NYSE:LII - Get Free Report) had its target price boosted by Barclays from $550.00 to $575.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the construction company's stock. Barclays's target price indicates a potential downside of 2.89% from the company's current price.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company lowered Lennox International from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th. Royal Bank of Canada lifted their target price on shares of Lennox International from $566.00 to $572.00 and gave the company a "sector perform" rating in a research note on Thursday, July 25th. KeyCorp boosted their price target on shares of Lennox International from $515.00 to $600.00 and gave the company an "overweight" rating in a report on Monday, July 22nd. Robert W. Baird boosted their target price on Lennox International from $505.00 to $610.00 and gave the company a "neutral" rating in a research note on Monday, July 15th. Finally, TD Cowen upped their target price on Lennox International from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $557.08.

Lennox International Price Performance

Shares of LII traded down $4.54 during trading hours on Wednesday, hitting $592.09. 269,613 shares of the company were exchanged, compared to its average volume of 274,821. The firm has a fifty day simple moving average of $578.49 and a 200-day simple moving average of $529.97. The company has a market capitalization of $21.09 billion, a PE ratio of 34.30, a PEG ratio of 1.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International has a one year low of $334.53 and a one year high of $627.09.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping analysts' consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the business posted $6.15 EPS. Lennox International's revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Lennox International will post 20.32 earnings per share for the current year.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the business's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares of the company's stock, valued at approximately $9,438,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Chris Kosel sold 1,744 shares of the company's stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares of the company's stock, valued at approximately $944,458.34. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock valued at $7,563,793 over the last quarter. Corporate insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently made changes to their positions in LII. Magnolia Capital Advisors LLC acquired a new stake in Lennox International during the 2nd quarter worth approximately $300,000. Driehaus Capital Management LLC acquired a new stake in shares of Lennox International in the 2nd quarter valued at about $11,115,000. Dorsey Wright & Associates raised its position in Lennox International by 2.6% in the 2nd quarter. Dorsey Wright & Associates now owns 3,768 shares of the construction company's stock valued at $2,016,000 after buying an additional 96 shares during the last quarter. Toronto Dominion Bank lifted its stake in Lennox International by 2.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company's stock valued at $1,669,000 after acquiring an additional 66 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Lennox International by 5.0% during the 2nd quarter. Pacer Advisors Inc. now owns 7,306 shares of the construction company's stock worth $3,909,000 after acquiring an additional 349 shares in the last quarter. 67.07% of the stock is owned by 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.