Lennox International (NYSE:LII) Now Covered by Analysts at Northcoast Research

Northcoast Research assumed coverage on shares of Lennox International (NYSE:LII) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage issued a sell rating and a $475.00 price objective on the construction company’s stock.

A number of other equities research analysts have also issued reports on LII. 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 raised their price objective on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Robert W. Baird upped their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Stephens reiterated an “overweight” rating and set a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $575.54.

Lennox International Trading Up 1.0 %

Shares of LII opened at $657.17 on Friday. Lennox International has a one year low of $397.34 and a one year high of $658.69. The stock has a 50-day moving average price of $611.00 and a 200 day moving average price of $564.97. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The company has a market capitalization of $23.41 billion, a P/E ratio of 31.20, a P/E/G ratio of 2.00 and a beta of 1.07.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $5.37 earnings per share. Sell-side analysts forecast that Lennox International will post 21.1 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the transaction, the executive vice president now directly owns 4,668 shares in the company, valued at approximately $2,898,734.64. This trade represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,480 shares of company stock worth $3,823,519. Corporate insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LII. Swedbank AB acquired a new stake in shares of Lennox International in the first quarter worth $15,416,000. Driehaus Capital Management LLC acquired a new position in shares of Lennox International in the 2nd quarter valued at about $11,115,000. Geode Capital Management LLC boosted 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 purchasing an additional 12,183 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after purchasing an additional 7,012 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in Lennox International by 7.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after buying an additional 5,673 shares during the period. 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.