Cowen and Company Reiterates Buy Rating for Lennox International, Inc. (LII)
Lennox International, Inc. (NYSE:LII)‘s stock had its “buy” rating reaffirmed by investment analysts at Cowen and Company in a research report issued on Monday. They presently have a $190.00 target price on the construction company’s stock. Cowen and Company’s price target indicates a potential upside of 5.38% from the company’s previous close.
The analysts wrote, “Q3 EPS netted above Street estimates that had dropped materially post the Sept.””
A number of other equities research analysts have also weighed in on LII. Stifel Nicolaus reiterated a “hold” rating and set a $171.00 price objective on shares of Lennox International in a report on Thursday, September 7th. BidaskClub lowered shares of Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Wells Fargo & Company lifted their price objective on shares of Lennox International from $190.00 to $193.00 and gave the company a “market perform” rating in a report on Friday, October 6th. Wolfe Research assumed coverage on shares of Lennox International in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, UBS AG lifted their price objective on shares of Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Lennox International has a consensus rating of “Hold” and a consensus price target of $182.20.
Lennox International (NYSE LII) traded up 7.78% during trading on Monday, reaching $194.32. 328,185 shares of the company were exchanged. The stock has a market capitalization of $8.20 billion, a P/E ratio of 27.99 and a beta of 1.15. Lennox International has a 1-year low of $140.97 and a 1-year high of $194.33. The company’s 50-day moving average price is $174.51 and its 200-day moving average price is $174.11.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $2.53 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that Lennox International will post $7.85 EPS for the current year.
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In other news, VP Chris Kosel sold 357 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 1,379 shares in the company, valued at approximately $239,270.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David W. Moon sold 2,350 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 112,408 shares of the company’s stock, valued at approximately $19,272,351.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,216 shares of company stock valued at $2,431,048 in the last quarter. 3.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in shares of Lennox International in the 2nd quarter valued at about $239,000. State Street Corp raised its holdings in shares of Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Lennox International by 4.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after purchasing an additional 28 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Lennox International by 5.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock valued at $12,366,000 after purchasing an additional 3,580 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Lennox International by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock valued at $27,179,000 after purchasing an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 68.23% 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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