Lennox International, Inc. (LII) Receives “Peer Perform” Rating from Wolfe Research
Lennox International, Inc. (NYSE:LII)‘s stock had its “peer perform” rating reiterated by investment analysts at Wolfe Research in a report issued on Tuesday.
Other research analysts have also issued reports about the company. Stifel Nicolaus reissued a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. Morgan Stanley reissued an “underweight” rating and issued a $161.00 price objective (down from $164.00) on shares of Lennox International in a report on Tuesday, July 25th. BidaskClub lowered Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Cleveland Research began coverage on Lennox International in a report on Tuesday. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $190.00 price objective (up from $162.50) on shares of Lennox International in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Lennox International currently has an average rating of “Hold” and an average price target of $178.33.
Shares of Lennox International (LII) opened at 181.53 on Tuesday. The company has a 50-day moving average price of $168.85 and a 200 day moving average price of $173.15. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The company has a market capitalization of $7.66 billion, a P/E ratio of 26.15 and a beta of 1.15.
Lennox International (NYSE:LII) last announced its earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $2.53 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Lennox International will post $7.92 earnings per share for the current fiscal year.
In other news, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the transaction, the executive vice president now owns 112,408 shares in the company, valued at $19,272,351.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the transaction, the vice president now owns 1,379 shares in the company, valued at approximately $239,270.29. The disclosure for this sale can be found here. Insiders have sold 14,216 shares of company stock worth $2,431,048 in the last quarter. 3.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after acquiring an additional 28 shares in the last quarter. World Asset Management Inc lifted its position in shares of Lennox International by 2.2% in the second quarter. World Asset Management Inc now owns 2,784 shares of the construction company’s stock valued at $511,000 after acquiring an additional 61 shares in the last quarter. Huntington National Bank lifted its position in shares of Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after acquiring an additional 81 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Lennox International by 0.6% in the second quarter. Arizona State Retirement System now owns 16,200 shares of the construction company’s stock valued at $2,975,000 after acquiring an additional 100 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its position in shares of Lennox International by 0.5% in the second quarter. Dorsey Wright & Associates now owns 21,830 shares of the construction company’s stock valued at $4,009,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.
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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