Stifel Nicolaus reaffirmed their hold rating on shares of Lennox International, Inc. (NYSE:LII) in a research report sent to investors on Thursday morning. They currently have a $171.00 price objective on the construction company’s stock.
Several other research analysts have also recently commented on LII. BidaskClub cut Lennox International from a sell rating to a strong sell rating in a research report on Monday, August 14th. Morgan Stanley reaffirmed an underweight rating and issued a $161.00 target price (down from $164.00) on shares of Lennox International in a research report on Tuesday, July 25th. Wolfe Research began coverage on Lennox International in a research report on Tuesday, July 11th. They issued a market perform rating for the company. Wells Fargo & Company reaffirmed a market perform rating and issued a $190.00 target price (up from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Finally, Cowen and Company raised their target price on Lennox International from $172.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $177.50.
Shares of Lennox International (NYSE LII) opened at 168.87 on Thursday. The company has a 50-day moving average of $168.10 and a 200 day moving average of $172.39. The firm has a market capitalization of $7.12 billion, a PE ratio of 24.33 and a beta of 1.14. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58.
Lennox International (NYSE:LII) last issued its earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.76 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. Lennox International’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $2.53 earnings per share. On average, analysts predict that Lennox International will post $8.00 EPS for the current year.
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In other Lennox International news, VP Chris Kosel sold 357 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total transaction of $61,943.07. Following the completion of the transaction, the vice president now directly owns 1,379 shares in the company, valued at $239,270.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David W. Moon sold 2,350 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the transaction, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The disclosure for this sale can be found here. Insiders have sold 14,094 shares of company stock valued at $2,409,181 over the last quarter. Corporate insiders own 3.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC raised its stake in Lennox International by 114.1% during the second quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock worth $103,000 after acquiring an additional 300 shares in the last quarter. Huntington National Bank raised its stake in Lennox International by 16.7% during the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after acquiring an additional 81 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Lennox International by 4.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after acquiring an additional 28 shares in the last quarter. Calamos Advisors LLC acquired a new position in Lennox International during the second quarter worth $213,000. Finally, Achmea Investment Management B.V. acquired a new position in Lennox International during the second quarter worth $239,000. Hedge funds and other institutional investors own 68.36% of the company’s stock.
About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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