Wells Fargo & Company Reiterates Underweight Rating for Lennox International (NYSE:LII)

Wells Fargo & Company restated their underweight rating on shares of Lennox International (NYSE:LII - Free Report) in a research note issued to investors on Monday, Marketbeat reports. Wells Fargo & Company currently has a $580.00 price objective on the construction company's stock, down from their previous price objective of $630.00.

Several other brokerages also recently issued reports on LII. UBS Group upped their price target on Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Royal Bank of Canada increased their target price on shares of Lennox International from $617.00 to $642.00 and gave the company a "sector perform" rating in a report on Thursday, January 30th. Robert W. Baird raised their price target on shares of Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Barclays cut their price target on shares of Lennox International from $674.00 to $665.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Finally, Morgan Stanley started coverage on shares of Lennox International in a report on Monday, January 6th. They set an "underweight" rating and a $595.00 price target on the stock. Four investment 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $606.00.

Lennox International Stock Down 0.1 %

NYSE:LII traded down $0.51 on Monday, hitting $584.52. The stock had a trading volume of 243,041 shares, compared to its average volume of 380,023. The business's fifty day moving average is $633.14 and its 200 day moving average is $608.02. The company has a market cap of $20.82 billion, a PE ratio of 25.93, a P/E/G ratio of 2.16 and a beta of 1.10. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. Lennox International has a 52 week low of $423.09 and a 52 week high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last announced 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, equities research analysts expect that Lennox International will post 23.09 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.79%. The ex-dividend date was Tuesday, December 31st. Lennox International's dividend payout ratio is 20.41%.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the transaction, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. This trade represents a 12.15 % 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. Also, Director Todd J. Teske sold 500 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the transaction, the director now owns 7,911 shares of the company's stock, valued at $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,200 shares of company stock worth $793,228 over the last quarter. Corporate insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Lennox International

A number of large investors have recently modified their holdings of LII. Mediolanum International Funds Ltd raised its stake in Lennox International by 469.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company's stock valued at $12,895,000 after purchasing an additional 17,357 shares in the last quarter. Geode Capital Management LLC raised its stake in Lennox International by 2.2% in the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company's stock valued at $345,645,000 after purchasing an additional 12,183 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Lennox International by 1,065.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock valued at $4,635,000 after purchasing an additional 7,012 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company's stock valued at $14,056,000 after purchasing an additional 4,927 shares in the last quarter. Finally, Entropy Technologies LP raised its stake in Lennox International by 386.0% in the fourth quarter. Entropy Technologies LP now owns 5,540 shares of the construction company's stock valued at $3,376,000 after purchasing an additional 4,400 shares in the last quarter. 67.07% of the stock is currently owned by 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.