Mizuho Raises Lennox International (NYSE:LII) Price Target to $650.00

Lennox International (NYSE:LII - Free Report) had its price objective raised by Mizuho from $575.00 to $650.00 in a research note released on Thursday morning, Benzinga reports. Mizuho currently has an outperform rating on the construction company's stock.

A number of other equities research analysts have also weighed in on LII. Stephens reaffirmed an "overweight" rating and set a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. KeyCorp lowered shares of Lennox International from an "overweight" rating to a "sector weight" rating in a research note on Tuesday. Wells Fargo & Company boosted their price objective on shares of Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. The Goldman Sachs Group boosted their price objective on shares of Lennox International from $507.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Finally, Barclays boosted their price objective on shares of Lennox International from $550.00 to $575.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Lennox International currently has an average rating of "Hold" and an average target price of $570.00.

Lennox International Trading Up 0.5 %

Lennox International stock traded up $3.01 during trading hours on Thursday, reaching $603.55. The stock had a trading volume of 183,451 shares, compared to its average volume of 271,833. The stock has a market cap of $21.50 billion, a PE ratio of 34.97, a PEG ratio of 1.89 and a beta of 1.07. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The company has a fifty day simple moving average of $588.03 and a 200-day simple moving average of $538.31.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating analysts' consensus estimates of $6.55 by $0.28. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.15 EPS. Analysts forecast that Lennox International will post 20.34 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.76%. Lennox International's dividend payout ratio (DPR) is presently 26.65%.

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 1,744 shares of the business'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 transaction, the chief accounting officer now directly owns 1,646 shares of the company's stock, valued at $944,458.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Todd J. Teske sold 2,000 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the completion of the sale, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the business'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 sale, the chief accounting officer now owns 1,646 shares of the company's stock, valued at $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,052 shares of company stock valued at $7,563,793. Insiders own 10.40% of the company's stock.

Institutional Trading of Lennox International

Several large investors have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Lennox International by 167.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company's stock worth $150,000 after purchasing an additional 156 shares during the period. UMB Bank n.a. boosted its position in shares of Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock worth $53,000 after purchasing an additional 70 shares during the period. GAMMA Investing LLC boosted its position in shares of Lennox International by 27.8% in the third quarter. GAMMA Investing LLC now owns 326 shares of the construction company's stock worth $197,000 after purchasing an additional 71 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Lennox International by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company's stock worth $3,626,000 after purchasing an additional 1,100 shares during the period. Finally, Magnolia Capital Advisors LLC bought a new position in shares of Lennox International in the second quarter worth approximately $300,000. 67.07% of the stock is currently 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.