Wells Fargo & Company Trims Lennox International (NYSE:LII) Target Price to $520.00

Lennox International (NYSE:LII) had its target price cut by investment analysts at Wells Fargo & Company from $545.00 to $520.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 8.99% from the company’s previous close.

Several other equities research analysts have also recently commented on LII. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. KeyCorp boosted their price objective on Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. StockNews.com downgraded Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Barclays boosted their price objective on Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada boosted their price objective on Lennox International from $392.00 to $414.00 and gave the stock a “sector perform” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $482.31.

Lennox International Stock Performance

Lennox International stock opened at $477.10 on Thursday. The stock has a market cap of $16.99 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. The stock has a 50 day moving average of $472.39 and a 200-day moving average of $435.55. Lennox International has a 52 week low of $264.88 and a 52 week high of $501.72.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. On average, analysts expect that Lennox International will post 19.77 EPS for the current fiscal year.

Insider Buying and Selling at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was 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 approximately $9,692,019.35. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value 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 approximately $11,566,818.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on 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 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. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Large investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in 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 worth $35,745,000 after purchasing an additional 6,041 shares during the period. Russell Investments Group Ltd. boosted its position 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 purchasing an additional 11,077 shares during the period. New York State Teachers Retirement System boosted its position 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 worth $17,943,000 after purchasing an additional 950 shares during the period. Forsta AP Fonden boosted its position in Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after purchasing an additional 2,400 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in Lennox International during the third quarter worth 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.