Lennox International (NYSE:LII) Downgraded by KeyCorp to "Sector Weight"

KeyCorp lowered shares of Lennox International (NYSE:LII - Free Report) from an overweight rating to a sector weight rating in a report released on Tuesday morning, Marketbeat.com reports.

Several other research analysts also recently weighed in on LII. Barclays increased their price target on Lennox International from $550.00 to $575.00 and gave the stock an equal weight rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on Lennox International from $566.00 to $572.00 and gave the company a sector perform rating in a research report on Thursday, July 25th. Wells Fargo & Company boosted their target price on Lennox International from $570.00 to $615.00 and gave the company an equal weight rating in a research note on Monday, October 7th. Stephens reissued an overweight rating and issued a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. Finally, Robert W. Baird boosted their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a neutral rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Lennox International has a consensus rating of Hold and an average price target of $560.83.

Lennox International Stock Down 1.9 %

Shares of LII stock traded down $11.54 on Tuesday, hitting $595.10. 281,496 shares of the stock were exchanged, compared to its average volume of 272,597. Lennox International has a fifty-two week low of $334.53 and a fifty-two week high of $627.09. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average of $584.96 and a 200 day moving average of $536.67. The firm has a market capitalization of $21.20 billion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the firm posted $6.15 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. Equities analysts anticipate that Lennox International will post 20.34 EPS for the current year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.77%. Lennox International's payout ratio is 26.65%.

Insider Activity

In related news, EVP Prakash Bedapudi sold 3,434 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares of the company's stock, valued at approximately $12,447,808. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Chris Kosel sold 1,744 shares of the firm'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 transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at $944,458.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Prakash Bedapudi sold 3,434 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares in the company, valued at $12,447,808. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,052 shares of company stock worth $7,563,793 over the last 90 days. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new position in Lennox International in the first quarter valued at about $15,416,000. Driehaus Capital Management LLC acquired a new stake in shares of Lennox International in the second quarter worth $11,115,000. SG Americas Securities LLC increased its holdings in Lennox International by 279.7% in the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company's stock valued at $12,588,000 after purchasing an additional 18,972 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of Lennox International by 165.0% during the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company's stock valued at $10,362,000 after buying an additional 13,200 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company's stock valued at $35,745,000 after purchasing an additional 6,041 shares during the period. 67.07% of the stock is currently owned by hedge funds and other 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.