Lennox International (NYSE:LII) Given New $650.00 Price Target at Mizuho

Lennox International (NYSE:LII) had its price objective lifted by Mizuho from $575.00 to $650.00 in a report published on Thursday morning, Benzinga reports. Mizuho currently has an outperform rating on the construction company’s stock.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company boosted their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday. TD Cowen boosted their price target on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Robert W. Baird boosted their price target on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada boosted their price target on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Lennox International currently has an average rating of “Hold” and a consensus price target of $570.00.

Lennox International Stock Performance

Shares of LII stock opened at $603.55 on Thursday. The stock has a fifty day moving average of $588.03 and a 200 day moving average of $538.31. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.09. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 1.89 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $6.15 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts expect that Lennox International will post 20.34 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is 26.65%.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at $944,458.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the transaction, the director now owns 8,411 shares in the company, valued at approximately $4,828,334.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,052 shares of company stock valued at $7,563,793. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

A number of hedge funds and other institutional investors have recently modified their holdings of LII. Swedbank AB acquired a new position in Lennox International in the first quarter valued at approximately $15,416,000. Driehaus Capital Management LLC acquired a new position in Lennox International in the second quarter valued at approximately $11,115,000. SG Americas Securities LLC boosted its stake in Lennox International by 279.7% in the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock valued at $12,588,000 after acquiring an additional 18,972 shares during the period. Forsta AP Fonden boosted its stake in Lennox International by 165.0% in the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after acquiring an additional 13,200 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Lennox International by 9.0% in 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 acquiring an additional 6,041 shares during the period. 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.