Lennox International (NYSE:LII – Get Free Report) had its price objective boosted by equities researchers at Royal Bank of Canada from $617.00 to $642.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 5.55% from the stock’s previous close.
Several other equities analysts also recently weighed in on LII. Northcoast Research assumed coverage on Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. Morgan Stanley started coverage on Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company increased their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $602.57.
View Our Latest Report on Lennox International
Lennox International Stock Up 0.6 %
Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. As a group, research analysts expect that Lennox International will post 21.2 EPS for the current year.
Insider Buying and Selling at Lennox International
In other Lennox International news, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the sale, the director now owns 1,693 shares in the company, valued at $1,118,632.82. This represents a 22.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,200 shares of company stock worth $793,228 over the last three months. Insiders own 10.40% of the company’s stock.
Institutional Trading of Lennox International
Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Lennox International by 2.2% during the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after buying an additional 12,183 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Lennox International by 3.8% during the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 2,013 shares during the period. National Pension Service increased its position in Lennox International by 2.3% during the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock worth $30,978,000 after purchasing an additional 1,140 shares during the period. BNP Paribas Financial Markets grew its holdings in Lennox International by 26.9% during the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after acquiring an additional 4,927 shares during the period. Finally, Mediolanum International Funds Ltd increased its holdings in shares of Lennox International by 469.6% in the 4th 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. Institutional investors and hedge funds own 67.07% of the company’s stock.
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.
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