Lennox International (NYSE:LII) Price Target Raised to $572.00 at Royal Bank of Canada

Lennox International (NYSE:LII) had its price target increased by Royal Bank of Canada from $566.00 to $572.00 in a report published on Thursday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company downgraded shares of Lennox International from an overweight rating to an equal weight rating and lifted their price objective for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. Barclays lifted their price objective on shares of Lennox International from $500.00 to $517.00 and gave the stock an equal weight rating in a report on Wednesday, July 10th. KeyCorp lifted their price objective on shares of Lennox International from $515.00 to $600.00 and gave the stock an overweight rating in a report on Monday. UBS Group lifted their price objective on shares of Lennox International from $450.00 to $485.00 and gave the stock a neutral rating in a report on Thursday, April 25th. Finally, Mizuho lifted their price objective on shares of Lennox International from $490.00 to $540.00 and gave the stock a buy rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $541.08.

Lennox International Stock Up 1.8 %

Lennox International stock opened at $555.66 on Thursday. Lennox International has a 1-year low of $334.53 and a 1-year high of $583.42. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.45 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 0.68 and a debt-to-equity ratio of 1.95. The firm has a 50 day simple moving average of $528.56 and a 200 day simple moving average of $485.47.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. 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 firm earned $6.15 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Lennox International will post 19.88 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.15 per share. The ex-dividend date was Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.83%. This is a boost from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s payout ratio is currently 26.65%.

Institutional Investors Weigh In On Lennox International

Several hedge funds have recently bought and sold shares of LII. Massmutual Trust Co. FSB ADV boosted its stake in Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Tobam boosted its stake in Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. Rise Advisors LLC bought a new stake in Lennox International during the first quarter worth about $41,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Lennox International during the fourth quarter worth about $42,000. Finally, Bessemer Group Inc. boosted its stake in Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after acquiring an additional 121 shares in the last quarter. 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.