Lennox International’s (LII) “Underweight” Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reissued their underweight rating on shares of Lennox International (NYSE:LII) in a research report released on Monday morning, MarketBeat reports. The firm currently has a $580.00 price objective on the construction company’s stock, down from their previous price objective of $630.00.

A number of other research firms have also recently commented on LII. Northcoast Research initiated 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. Barclays cut their price target on Lennox International from $674.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Robert W. Baird increased their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada increased their price target on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Lennox International currently has a consensus rating of “Hold” and an average price target of $606.00.

Lennox International Price Performance

LII stock opened at $584.89 on Monday. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.16 and a beta of 1.10. Lennox International has a fifty-two week low of $421.07 and a fifty-two week high of $682.50. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $634.65 and a 200 day moving average price of $608.19.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Equities research analysts anticipate that Lennox International will post 23.09 earnings per share for the current fiscal year.

Lennox International Announces Dividend

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

Insiders Place Their Bets

In related news, Director Todd J. Teske sold 500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the sale, the director now owns 7,911 shares in the company, valued at $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the transaction, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,200 shares of company stock worth $793,228. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently bought and sold shares of LII. Private Trust Co. NA grew its holdings in Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after purchasing an additional 45 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in Lennox International in the 4th quarter valued at about $322,000. Vicus Capital purchased a new position in Lennox International during the 4th quarter valued at about $202,000. V Square Quantitative Management LLC raised its position in Lennox International by 94.9% during the fourth quarter. V Square Quantitative Management LLC now owns 690 shares of the construction company’s stock worth $420,000 after acquiring an additional 336 shares during the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in shares of Lennox International in the fourth quarter valued at about $1,207,000. 67.07% of the stock is owned by hedge funds and other 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.