JPMorgan Chase & Co. Issues Positive Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price target lifted by JPMorgan Chase & Co. from $536.00 to $565.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an underweight rating on the construction company’s stock.

A number of other equities research analysts also recently issued reports on LII. Barclays lowered their target price on shares of Lennox International from $674.00 to $665.00 and set an “equal weight” rating for the company in a report on Thursday. UBS Group upped their price target on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Mizuho lowered Lennox International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $675.00 to $625.00 in a research report on Thursday. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their target price on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $602.57.

Lennox International Stock Performance

Shares of LII opened at $606.30 on Thursday. The company has a market capitalization of $21.60 billion, a PE ratio of 26.90, a P/E/G ratio of 1.79 and a beta of 1.11. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50. The company has a 50-day simple moving average of $641.14 and a 200-day simple moving average of $607.17. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 142.64% and a net margin of 15.11%. Equities research analysts predict that Lennox International will post 23.08 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date was Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is presently 20.41%.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the sale, the chief accounting officer now directly owns 1,446 shares of the company’s stock, valued at $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the transaction, the director now directly owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. This trade represents a 22.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,200 shares of company stock worth $793,228 over the last 90 days. Insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in shares of Lennox International by 3.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock valued at $415,000 after buying an additional 20 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after buying an additional 23 shares during the period. Tilia Fiduciary Partners Inc. boosted its stake in Lennox International by 0.7% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 4,628 shares of the construction company’s stock valued at $2,820,000 after buying an additional 30 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Lennox International during the third quarter worth about $27,000. Finally, First Horizon Advisors Inc. bought a new stake in Lennox International in the third quarter worth about $39,000. 67.07% of the stock is owned by institutional investors and hedge funds.

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.