Lennox International (NYSE:LII) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Lennox International (NYSE:LII) from an equal weight rating to an overweight rating in a research note published on Wednesday morning, Marketbeat reports. They currently have $702.00 price target on the construction company’s stock, up from their previous price target of $665.00.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company reissued an “underweight” rating and set a $580.00 price objective (down from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Morgan Stanley initiated coverage on shares of Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 price objective for the company. Northcoast Research initiated coverage on Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective for the company. Royal Bank of Canada upped their target price on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $608.85.

Lennox International Price Performance

NYSE:LII opened at $623.32 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The business’s 50-day moving average price is $621.53 and its 200 day moving average price is $614.14. Lennox International has a 52-week low of $445.63 and a 52-week high of $682.50. The firm has a market cap of $22.18 billion, a P/E ratio of 27.65, a PEG ratio of 2.36 and a beta of 1.10.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share 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, sell-side analysts predict that Lennox International will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s dividend payout ratio is 20.41%.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at approximately $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 10.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lennox International

Several institutional investors have recently bought and sold shares of LII. Geode Capital Management LLC boosted its stake in shares of Lennox International by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock worth $542,374,000 after acquiring an additional 317,937 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock worth $57,326,000 after purchasing an additional 78,406 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Lennox International by 227.4% during the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock worth $46,398,000 after purchasing an additional 52,888 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Lennox International by 247.1% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company’s stock valued at $16,220,000 after purchasing an additional 18,950 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its position in shares of Lennox International by 469.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock valued at $12,895,000 after purchasing an additional 17,357 shares during the period. 67.07% of the stock is currently owned by 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.