JPMorgan Chase & Co. Issues Pessimistic Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $501.00 to $493.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 0.57% from the stock’s current price.

Several other brokerages also recently issued reports on LII. Robert W. Baird lifted their price objective on Lennox International from $600.00 to $668.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. UBS Group cut their price objective on Lennox International from $676.00 to $610.00 and set a “neutral” rating for the company in a research report on Tuesday, September 23rd. Royal Bank Of Canada cut their price objective on Lennox International from $598.00 to $555.00 and set a “sector perform” rating for the company in a research report on Thursday. Barclays cut their price objective on Lennox International from $730.00 to $700.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Lennox International in a report on Thursday. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $600.17.

Lennox International Price Performance

LII stock opened at $495.83 on Thursday. The firm has a 50 day moving average of $546.64 and a 200-day moving average of $567.22. Lennox International has a 12-month low of $485.47 and a 12-month high of $689.44. The company has a current ratio of 1.68, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.82 and a beta of 1.10.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.69 by $0.29. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $6.68 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. As a group, equities analysts expect that Lennox International will post 22.94 EPS for the current fiscal year.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 300 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the sale, the chief accounting officer directly owned 1,282 shares in the company, valued at $758,764.52. This represents a 18.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.73% of the stock is currently owned by insiders.

Institutional Trading of Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in LII. GAMMA Investing LLC increased its holdings in shares of Lennox International by 24.0% during the 1st quarter. GAMMA Investing LLC now owns 636 shares of the construction company’s stock worth $357,000 after buying an additional 123 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in Lennox International by 22.4% in the 1st quarter. Achmea Investment Management B.V. now owns 91,338 shares of the construction company’s stock valued at $51,225,000 after purchasing an additional 16,711 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Lennox International in the 1st quarter valued at $771,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in Lennox International by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,815 shares of the construction company’s stock valued at $35,229,000 after purchasing an additional 1,158 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Lennox International by 1.2% in the 1st quarter. New York State Teachers Retirement System now owns 31,730 shares of the construction company’s stock valued at $17,795,000 after purchasing an additional 387 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.