Lennox International (NYSE:LII) Price Target Raised to $619.00 at Royal Bank of Canada

Lennox International (NYSE:LII) had its price target upped by Royal Bank of Canada from $604.00 to $619.00 in a research report released on Thursday, Benzinga reports. They currently have a sector perform rating on the construction company’s stock.

Other analysts have also issued reports about the stock. Barclays boosted their target price on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Mizuho boosted their target price on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $583.92.

Lennox International Trading Down 0.9 %

NYSE LII traded down $5.31 on Thursday, hitting $615.35. 32,432 shares of the stock were exchanged, compared to its average volume of 273,073. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The stock has a fifty day moving average price of $591.48 and a two-hundred day moving average price of $542.75. The firm has a market capitalization of $21.92 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.89 and a beta of 1.07. Lennox International has a 52-week low of $348.79 and a 52-week high of $627.46.

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

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.75%. Lennox International’s dividend payout ratio is presently 26.65%.

Insiders Place Their Bets

In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the transaction, the director now owns 8,411 shares in the company, valued at approximately $4,828,334.55. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,308 shares of company stock worth $6,563,103. 10.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Lennox International by 36.0% during the third quarter. Nisa Investment Advisors LLC now owns 6,776 shares of the construction company’s stock valued at $4,104,000 after acquiring an additional 1,792 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Lennox International by 87.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 229 shares of the construction company’s stock valued at $138,000 after acquiring an additional 107 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Lennox International by 167.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock valued at $150,000 after acquiring an additional 156 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Lennox International by 27.8% in the third quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock valued at $197,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.