Lennox International (NYSE:LII) Shares Gap Down – What’s Next?

Lennox International Inc. (NYSE:LII)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $524.25, but opened at $511.10. Lennox International shares last traded at $530.92, with a volume of 19,514 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Mizuho downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. UBS Group increased their price target on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Morgan Stanley began coverage on Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $614.62.

Lennox International Price Performance

The firm has a market capitalization of $18.73 billion, a P/E ratio of 23.45, a P/E/G ratio of 2.36 and a beta of 1.07. The firm’s 50 day simple moving average is $590.77 and its two-hundred day simple moving average is $613.94. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. As a group, analysts predict that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, April 30th. Lennox International’s dividend payout ratio (DPR) is currently 20.41%.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 194 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Lennox International by 69,429.8% in the 1st 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 increased its stake 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 worth $542,374,000 after acquiring an additional 317,937 shares in the last quarter. Captrust Financial Advisors grew its holdings in Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock worth $57,326,000 after purchasing an additional 78,406 shares during the period. BNP Paribas Financial Markets increased its position in Lennox International by 227.4% during the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock valued at $46,398,000 after buying an additional 52,888 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Lennox International by 247.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company’s stock worth $16,220,000 after purchasing an additional 18,950 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

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.