Stifel Nicolaus Reiterates “Hold” Rating for Lennox International Inc. (LII)
Lennox International Inc. (NYSE:LII)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a report issued on Thursday. They currently have a $171.00 price objective on the construction company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 4.79% from the company’s current price.
Several other research firms have also weighed in on LII. Cowen and Company boosted their target price on shares of Lennox International from $172.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Wolfe Research began coverage on shares of Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Wells Fargo & Company reiterated a “market perform” rating and set a $190.00 target price (up previously from $162.50) on shares of Lennox International in a research note on Friday, July 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $161.00 target price (down previously from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $177.50.
Shares of Lennox International (NYSE LII) traded down 0.04% during midday trading on Thursday, hitting $163.19. 430,144 shares of the company’s stock were exchanged. The stock has a market cap of $6.88 billion, a PE ratio of 23.51 and a beta of 1.14. The stock’s 50 day moving average is $168.49 and its 200-day moving average is $172.41. Lennox International has a 1-year low of $140.97 and a 1-year high of $192.58.
Lennox International (NYSE:LII) last released its earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.07. Lennox International had a net margin of 10.56% and a return on equity of 10,610.89%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts predict that Lennox International will post $8.00 earnings per share for the current fiscal year.
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In other news, EVP David W. Moon sold 2,350 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $171.45, for a total transaction of $402,907.50. Following the completion of the transaction, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Chris Kosel sold 357 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $173.51, for a total transaction of $61,943.07. Following the transaction, the vice president now directly owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,094 shares of company stock valued at $2,409,181. Corporate insiders own 3.90% of the company’s stock.
A number of hedge funds have recently bought and sold shares of LII. Acrospire Investment Management LLC lifted its holdings in Lennox International by 114.1% in the second quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock worth $103,000 after purchasing an additional 300 shares during the period. Huntington National Bank lifted its holdings in Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after purchasing an additional 81 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after purchasing an additional 28 shares during the period. Calamos Advisors LLC acquired a new stake in Lennox International in the second quarter worth about $213,000. Finally, Achmea Investment Management B.V. acquired a new stake in Lennox International in the second quarter worth about $239,000. 68.36% of the stock is owned by institutional investors and hedge funds.
About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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