Lennox International (NYSE:LII) Earns Underweight Rating from Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Lennox International (NYSE:LII) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage issued an underweight rating and a $595.00 price objective on the construction company’s stock.

LII has been the subject of a number of other research reports. Royal Bank of Canada boosted their target price on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Robert W. Baird increased their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Mizuho lifted their target price on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $590.50.

Lennox International Stock Performance

Shares of NYSE:LII opened at $625.84 on Monday. The business has a fifty day moving average of $634.50 and a 200-day moving average of $596.67. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. Lennox International has a twelve month low of $412.09 and a twelve month high of $682.50. The firm has a market cap of $22.29 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $5.37 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Lennox International will post 21.1 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Lennox International’s payout ratio is currently 21.84%.

Insider Buying and Selling at Lennox International

In other news, Director Todd J. Teske sold 500 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $675.52, for a total value of $337,760.00. Following the sale, the director now owns 7,911 shares of the company’s stock, valued at $5,344,038.72. The trade was a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the transaction, the chief accounting officer now owns 1,446 shares of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock valued at $1,353,233 in the last 90 days. 10.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International in the 3rd quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International in the third quarter valued at $39,000. Huntington National Bank grew its position in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after acquiring an additional 23 shares during the period. UMB Bank n.a. increased its stake in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Lennox International in the 3rd quarter valued at about $77,000. 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.