Lennox International, Inc. (LII) Receives “Buy” Rating from Robert W. Baird
Lennox International, Inc. (NYSE:LII)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a report released on Tuesday.
A number of other equities analysts have also recently weighed in on the stock. Morgan Stanley upped their price target on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research note on Tuesday. Credit Suisse Group reaffirmed a “neutral” rating and set a $180.00 price target (up from $171.00) on shares of Lennox International in a research note on Tuesday. Stifel Nicolaus upped their price target on shares of Lennox International from $187.00 to $192.00 and gave the stock a “hold” rating in a research note on Tuesday. Cowen and Company reaffirmed a “buy” rating and set a $190.00 price target on shares of Lennox International in a research note on Monday. Finally, Wells Fargo & Company upped their price target on shares of Lennox International from $190.00 to $193.00 and gave the stock a “market perform” rating in a research note on Friday, October 6th. Two 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $183.17.
Lennox International (LII) traded up 1.62% during trading on Tuesday, hitting $196.57. 792,822 shares of the stock traded hands. The firm has a market cap of $8.29 billion, a PE ratio of 28.32 and a beta of 1.15. The firm has a 50-day moving average price of $175.29 and a 200 day moving average price of $174.45. Lennox International has a 12 month low of $140.97 and a 12 month high of $201.40.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.08. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $2.33 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Lennox International will post $7.84 EPS for the current fiscal year.
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In other Lennox International news, VP Chris Kosel sold 357 shares of the company’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 transaction, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David W. Moon sold 2,350 shares of the company’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 transaction, the executive vice president now owns 112,408 shares in the company, valued at $19,272,351.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,216 shares of company stock worth $2,431,048. 3.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in LII. State Street Corp lifted its holdings in 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. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Lennox International in the 2nd quarter valued at about $20,855,000. Quantitative Investment Management LLC lifted its holdings in Lennox International by 124.9% in the 2nd quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock valued at $21,926,000 after purchasing an additional 66,300 shares in the last quarter. Hilton Capital Management LLC purchased a new position in Lennox International in the 2nd quarter valued at about $10,777,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in Lennox International by 176.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 75,947 shares of the construction company’s stock valued at $13,947,000 after purchasing an additional 48,486 shares in the last quarter. Institutional investors own 68.38% 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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