Lennox International Inc. (NYSE:LII) Receives $473.67 Consensus Target Price from Analysts

Shares of Lennox International Inc. (NYSE:LII) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $473.67.

Several research firms have recently weighed in on LII. Mizuho boosted their target price on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada boosted their target price on Lennox International from $392.00 to $414.00 and gave the company a “sector perform” rating in a research report on Thursday, February 1st. Barclays boosted their target price on Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a research report on Thursday, February 1st. They issued a “buy” rating and a $523.00 price objective on the stock. Finally, StockNews.com downgraded Lennox International from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Lennox International Price Performance

Shares of NYSE:LII opened at $459.32 on Friday. Lennox International has a 1-year low of $256.74 and a 1-year high of $501.72. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. The business has a fifty day moving average price of $470.04 and a 200-day moving average price of $433.64. The company has a market capitalization of $16.36 billion, a PE ratio of 27.77, a PEG ratio of 2.24 and a beta of 1.02.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.17. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. As a group, equities analysts expect that Lennox International will post 19.74 EPS for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International’s dividend payout ratio (DPR) is presently 26.60%.

Insider Activity

In other news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the transaction, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LII. iA Global Asset Management Inc. acquired a new position in shares of Lennox International in the third quarter valued at about $8,067,000. Eagle Asset Management Inc. acquired a new stake in Lennox International during the fourth quarter worth about $5,795,000. DNB Asset Management AS acquired a new stake in Lennox International during the fourth quarter worth about $5,393,000. Russell Investments Group Ltd. grew its holdings in Lennox International by 33.6% during the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after acquiring an additional 11,077 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Lennox International by 87.6% during the fourth quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock worth $8,089,000 after acquiring an additional 8,441 shares during the period. 67.07% of the stock is owned by institutional investors and hedge funds.

Lennox International Company Profile

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.