Lennox International (NYSE:LII) Sets New 52-Week High – Time to Buy?

Lennox International Inc. (NYSE:LII) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $630.16 and last traded at $628.04, with a volume of 19048 shares changing hands. The stock had previously closed at $622.24.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LII shares. Mizuho upped their target price on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays upped their price objective on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price target on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Finally, Robert W. Baird lifted their price objective on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $583.92.

Lennox International Stock Up 0.5 %

The stock’s fifty day simple moving average is $598.10 and its two-hundred day simple moving average is $552.70. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The company has a market capitalization of $22.28 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.86 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. Lennox International’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $5.37 earnings per share. On average, sell-side analysts predict that Lennox International Inc. will post 21.06 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. Lennox International’s payout ratio is currently 21.84%.

Insiders Place Their Bets

In other news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the completion of the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Prakash Bedapudi sold 3,434 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the transaction, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at $12,447,808. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the sale, the director now directly owns 2,193 shares in the company, valued at $1,279,549.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,214 shares of company stock valued at $7,123,108 over the last three months. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position 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 worth $12,588,000 after purchasing an additional 18,972 shares during the period. Forsta AP Fonden grew its stake in Lennox International by 165.0% during the 1st 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 in the last quarter. Lord Abbett & CO. LLC increased its stake in Lennox International by 1.1% in the 1st quarter. Lord Abbett & CO. LLC now owns 9,076 shares of the construction company’s stock valued at $4,436,000 after buying an additional 96 shares during the period. Bessemer Group Inc. boosted its position in Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after purchasing an additional 121 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Lennox International in the 1st quarter valued at approximately $269,000. Institutional investors own 67.07% of the company’s stock.

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.