Lennox International (NYSE:LII) Price Target Lowered to $570.00 at UBS Group

Lennox International (NYSE:LII) had its price target cut by UBS Group from $625.00 to $570.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

A number of other research analysts have also issued reports on the stock. Barclays upgraded shares of Lennox International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of Lennox International from $565.00 to $455.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Stephens reiterated an “overweight” rating and issued a $750.00 price target on shares of Lennox International in a report on Friday, March 7th. Robert W. Baird lowered their price objective on Lennox International from $608.00 to $600.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada increased their target price on Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $577.00.

Lennox International Trading Up 2.8 %

NYSE:LII opened at $522.80 on Thursday. The company has a market capitalization of $18.56 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. Lennox International has a 52-week low of $445.63 and a 52-week high of $682.50. The stock has a fifty day simple moving average of $573.21 and a 200-day simple moving average of $607.44. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.25 by $0.12. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, equities research analysts expect that Lennox International will post 22.94 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

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. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.88%. Lennox International’s dividend payout ratio is currently 20.41%.

Insider Transactions at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in shares of Lennox International during the third quarter worth about $124,000. Wilmington Savings Fund Society FSB purchased a new stake in Lennox International during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC raised its position in shares of Lennox International by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 513 shares of the construction company’s stock valued at $313,000 after purchasing an additional 187 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Lennox International during the 4th quarter valued at approximately $567,000. Finally, Pensionfund Sabic grew its position in shares of Lennox International by 26.3% during the fourth quarter. Pensionfund Sabic now owns 2,400 shares of the construction company’s stock worth $1,462,000 after buying an additional 500 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other 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.