Shares of Lennox International Inc. (NYSE:LII) have been assigned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $252.83.
A number of research analysts recently commented on the company. Robert W. Baird cut Lennox International from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $246.00 to $272.00 in a report on Tuesday, April 16th. JPMorgan Chase & Co. upgraded M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday, July 8th. Vertical Research cut Lennox International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Morgan Stanley set a $40.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, Cowen upped their price target on Starbucks from $71.00 and gave the stock an “in-line” rating in a research note on Friday, June 28th.
LII traded up $4.85 during trading hours on Friday, reaching $289.47. The company’s stock had a trading volume of 291,243 shares, compared to its average volume of 317,316. Lennox International has a fifty-two week low of $177.36 and a fifty-two week high of $291.17. The stock has a market cap of $11.16 billion, a PE ratio of 30.73, a PEG ratio of 1.16 and a beta of 0.92. The business has a 50-day moving average of $276.39.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.06%. This is a boost from Lennox International’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, June 27th. Lennox International’s dividend payout ratio is 32.70%.
In other news, Chairman Todd M. Bluedorn sold 25,181 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $271.15, for a total value of $6,827,828.15. Following the sale, the chairman now directly owns 97,241 shares in the company, valued at $26,366,897.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Prakash Bedapudi sold 2,995 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $277.00, for a total value of $829,615.00. Following the completion of the sale, the executive vice president now owns 15,114 shares in the company, valued at $4,186,578. The disclosure for this sale can be found here. Insiders have sold 34,766 shares of company stock worth $9,467,914 over the last 90 days. 3.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Lennox International in the first quarter valued at $38,000. Huntington National Bank raised its stake in shares of Lennox International by 196.6% in the first quarter. Huntington National Bank now owns 439 shares of the construction company’s stock valued at $116,000 after acquiring an additional 291 shares in the last quarter. Gofen & Glossberg LLC IL acquired a new stake in shares of Lennox International in the first quarter valued at $219,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Lennox International in the second quarter valued at $232,000. Finally, Cohen Lawrence B acquired a new stake in shares of Lennox International in the first quarter valued at $235,000. Institutional investors and hedge funds own 71.92% of the company’s stock.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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