Lennox International (NYSE:LII) Price Target Raised to $360.00 at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $350.00 to $360.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 24.54% from the stock’s previous close.

LII has been the subject of a number of other research reports. Wells Fargo & Company lowered their price target on shares of Lennox International from $545.00 to $520.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group increased their price target on shares of Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a report on Thursday. Mizuho increased their price target on shares of Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a report on Monday, April 1st. TD Cowen increased their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, StockNews.com downgraded shares of Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International has a consensus rating of “Moderate Buy” and a consensus target price of $482.31.

Lennox International Trading Up 0.3 %

Shares of Lennox International stock opened at $477.10 on Thursday. The firm has a market cap of $16.99 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.33 and a beta of 1.02. The business has a 50-day moving average price of $472.39 and a 200-day moving average price of $435.55. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International has a twelve month low of $264.88 and a twelve month high of $501.72.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. Equities research analysts anticipate that Lennox International will post 19.77 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Lennox International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after acquiring an additional 6,041 shares in the last quarter. Russell Investments Group Ltd. increased 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 valued at $19,711,000 after buying an additional 11,077 shares during the period. New York State Teachers Retirement System increased its holdings in Lennox International by 2.7% during the first quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock valued at $17,943,000 after buying an additional 950 shares during the period. Forsta AP Fonden increased its holdings in Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock valued at $8,500,000 after buying an additional 2,400 shares during the period. Finally, iA Global Asset Management Inc. purchased a new position in Lennox International during the third quarter valued at approximately $8,067,000. Institutional investors 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.