Lennox International (NYSE:LII) Reaches New 12-Month High at $596.90

Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $596.90 and last traded at $592.86, with a volume of 32188 shares. The stock had previously closed at $591.23.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. TD Cowen raised their price objective on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Robert W. Baird lifted their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Stephens reiterated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Finally, Barclays raised their target price on shares of Lennox International from $517.00 to $550.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $543.62.

Lennox International Stock Up 1.6 %

The stock has a 50-day moving average price of $564.42 and a 200-day moving average price of $517.88. The company has a market capitalization of $21.41 billion, a P/E ratio of 34.58, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $6.15 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts predict that Lennox International Inc. will post 20.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lennox International 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 transaction, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,052 shares of company stock worth $7,563,793. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

A number of large investors have recently modified their holdings of LII. Rhumbline Advisers raised its holdings in Lennox International by 3.1% during the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock worth $53,060,000 after buying an additional 2,958 shares during the last quarter. Achmea Investment Management B.V. raised its holdings in shares of 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 worth $44,570,000 after acquiring an additional 5,673 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after acquiring an additional 6,041 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Lennox International by 2.7% during the 1st quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after purchasing an additional 950 shares during the last quarter. Finally, Swedbank AB bought a new stake in Lennox International during the 1st quarter worth approximately $15,416,000. 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.