Lennox International Inc. (NYSE:LII) Given Consensus Rating of “Reduce” by Brokerages

Lennox International Inc. (NYSE:LII) has received an average rating of “Reduce” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $606.00.

Several research analysts have weighed in on LII shares. Royal Bank of Canada increased their price target 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. Morgan Stanley initiated coverage on Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 target price on the stock. Wells Fargo & Company restated an “underweight” rating and issued a $580.00 price target (down from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Northcoast Research assumed coverage on Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th.

Insider Buying and Selling at Lennox International

In other Lennox International news, Director Todd J. Teske sold 500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the sale, the director now owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. This trade represents a 5.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in Lennox International by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock valued at $542,374,000 after acquiring an additional 317,937 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock valued at $57,326,000 after purchasing an additional 78,406 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Lennox International by 227.4% during the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock valued at $46,398,000 after purchasing an additional 52,888 shares during the last quarter. New York State Common Retirement Fund increased its position in Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after purchasing an additional 2,013 shares in the last quarter. Finally, National Pension Service lifted its stake in Lennox International by 2.3% in the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after purchasing an additional 1,140 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Down 1.4 %

LII stock opened at $641.74 on Friday. Lennox International has a 1-year low of $444.46 and a 1-year high of $682.50. The business’s 50 day simple moving average is $624.78 and its 200 day simple moving average is $611.80. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $22.83 billion, a PE ratio of 28.47, a PEG ratio of 2.34 and a beta of 1.10.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 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%. As a group, research analysts anticipate that Lennox International will post 22.94 EPS for the current year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.72%. Lennox International’s payout ratio is 20.41%.

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.