Barclays Issues Pessimistic Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price target lowered by equities research analysts at Barclays from $702.00 to $696.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target suggests a potential upside of 32.27% from the company’s previous close.

LII has been the subject of several other reports. Mizuho downgraded Lennox International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Oppenheimer raised shares of Lennox International from a “market perform” rating to an “outperform” rating and set a $600.00 price target for the company in a report on Thursday. Royal Bank of Canada lifted their price objective on Lennox International from $580.00 to $582.00 and gave the company a “sector perform” rating in a report on Thursday. Morgan Stanley cut their target price on Lennox International from $585.00 to $450.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Robert W. Baird decreased their price target on Lennox International from $608.00 to $600.00 and set a “neutral” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $577.00.

Lennox International Trading Up 0.4 %

Shares of Lennox International stock opened at $526.18 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The company has a market capitalization of $18.68 billion, a P/E ratio of 23.34, a PEG ratio of 2.36 and a beta of 1.07. Lennox International has a 1 year low of $445.63 and a 1 year high of $682.50. The company’s fifty day moving average is $571.01 and its two-hundred day moving average is $606.87.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.25 by $0.12. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Analysts forecast that Lennox International will post 22.94 earnings per share for the current year.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now owns 1,282 shares of the company’s stock, valued at $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Lennox International by 69,429.8% in the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company’s stock valued at $200,041,000 after purchasing an additional 356,175 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lennox International by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock valued at $542,374,000 after purchasing an additional 317,937 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Lennox International by 500.0% during the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock valued at $57,326,000 after buying an additional 78,406 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Lennox International by 227.4% during the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock worth $46,398,000 after buying an additional 52,888 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Lennox International by 247.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company’s stock worth $16,220,000 after buying an additional 18,950 shares during the period. 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.