Lennox International (NYSE:LII) Given New $656.00 Price Target at Robert W. Baird

Lennox International (NYSE:LII) had its price objective upped by Robert W. Baird from $648.00 to $656.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Other equities research analysts have also issued reports about the company. Mizuho raised their price target on Lennox International from $575.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company lifted their price target on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada upped their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $583.92.

Lennox International Stock Performance

Shares of LII stock remained flat at $620.66 on Thursday. 7,761 shares of the company traded hands, compared to its average volume of 272,975. The firm’s 50 day moving average is $591.48 and its two-hundred day moving average is $542.75. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. Lennox International has a 52 week low of $348.79 and a 52 week high of $627.46. The stock has a market cap of $22.11 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $5.37 earnings per share. As a group, sell-side analysts anticipate that Lennox International will post 20.34 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is 26.65%.

Insider Buying and Selling

In other Lennox International news, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at $12,447,808. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Prakash Bedapudi sold 3,434 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 21,536 shares of the company’s stock, valued at $12,447,808. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,308 shares of company stock valued at $6,563,103 in the last ninety days. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LII. Massmutual Trust Co. FSB ADV raised 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 purchasing an additional 19 shares during the last quarter. L & S Advisors Inc raised its position in shares of Lennox International by 0.8% in the second quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after buying an additional 40 shares during the last quarter. Argent Trust Co lifted its stake in shares of Lennox International by 6.6% during the second quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after buying an additional 41 shares during the period. Innealta Capital LLC acquired a new stake in Lennox International during the second quarter worth approximately $33,000. Finally, Toronto Dominion Bank grew its stake in Lennox International by 2.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock worth $1,669,000 after acquiring an additional 66 shares during the period. 67.07% of the stock is currently 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.