Lennox International (NYSE:LII) Given New $675.00 Price Target at Mizuho

Lennox International (NYSE:LII) had its price target boosted by equities researchers at Mizuho from $650.00 to $675.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Mizuho’s price objective points to a potential upside of 10.70% from the company’s current price.

Several other analysts have also recently weighed in on LII. Royal Bank of Canada raised their price objective on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Barclays upped their price target on shares of Lennox International from $550.00 to $575.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Stephens reiterated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. Robert W. Baird upped their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their target price on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $580.00.

Lennox International Price Performance

Shares of NYSE:LII opened at $609.74 on Thursday. The firm has a market cap of $21.72 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. Lennox International has a 52 week low of $334.53 and a 52 week high of $627.46. The firm’s fifty day moving average is $590.77 and its 200-day moving average is $542.21.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating 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 analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $6.15 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Lennox International will post 20.34 earnings per share for the current year.

Insider Activity at Lennox International

In other Lennox International news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Lennox International news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the sale, the director now directly owns 2,193 shares in the company, valued at $1,279,549.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,052 shares of company stock valued at $7,563,793. 10.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LII. Innealta Capital LLC bought a new stake in Lennox International during the second quarter worth about $33,000. Massmutual Trust Co. FSB ADV grew its stake in Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after buying an additional 19 shares during the last quarter. UMB Bank n.a. grew its position in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Lennox International during the second quarter valued at approximately $65,000. Finally, Bessemer Group Inc. increased its holdings in shares of 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 buying an additional 121 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.