Lennox International (NYSE:LII) Price Target Lowered to $665.00 at Barclays

Lennox International (NYSE:LII) had its price target cut by equities researchers at Barclays from $674.00 to $665.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 12.44% from the company’s previous close.

A number of other brokerages have also weighed in on LII. Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Northcoast Research started coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $675.00 to $625.00 in a research note on Thursday. Finally, KeyCorp downgraded shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $602.57.

Lennox International Stock Down 2.5 %

LII stock opened at $591.45 on Thursday. The stock has a market capitalization of $21.07 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. Lennox International has a 52 week low of $412.09 and a 52 week high of $682.50. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average of $639.82 and a 200 day moving average of $607.36.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 142.64%. Sell-side analysts forecast that Lennox International will post 23.08 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total transaction of $330,370.00. Following the transaction, the director now owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. This trade represents a 22.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,200 shares of company stock valued at $793,228. 10.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lennox International

Several institutional investors have recently bought and sold shares of LII. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International in the third quarter valued at approximately $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Lennox International during the third quarter worth approximately $39,000. Huntington National Bank raised its stake in Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares during the last quarter. UMB Bank n.a. lifted its holdings in Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after purchasing an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Lennox International during the 3rd quarter worth $77,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.