Stifel Nicolaus Boosts Lennox International, Inc. (LII) Price Target to $192.00
Lennox International, Inc. (NYSE:LII) had its target price hoisted by investment analysts at Stifel Nicolaus from $187.00 to $192.00 in a report released on Tuesday. The firm currently has a “hold” rating on the construction company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 0.74% from the company’s current price.
LII has been the subject of several other research reports. Morgan Stanley raised their target price on Lennox International from $161.00 to $166.00 and gave the stock an “underweight” rating in a research report on Monday, September 25th. BidaskClub downgraded Lennox International from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Cowen and Company restated a “buy” rating and set a $190.00 target price on shares of Lennox International in a research report on Monday. Wolfe Research restated a “peer perform” rating on shares of Lennox International in a research report on Tuesday, October 3rd. Finally, Cleveland Research began coverage on Lennox International in a research report on Tuesday, October 3rd. They set a “neutral” rating for the company. Two 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. The company presently has a consensus rating of “Hold” and an average target price of $183.20.
Lennox International (NYSE:LII) opened at 193.43 on Tuesday. The company’s 50-day moving average price is $175.29 and its 200-day moving average price is $174.45. Lennox International has a 52 week low of $140.97 and a 52 week high of $196.50. The company has a market capitalization of $8.16 billion, a P/E ratio of 27.86 and a beta of 1.15.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, October 16th. The construction company reported $2.53 EPS for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.08. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $2.33 EPS. The company’s quarterly revenue 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, EVP David W. Moon sold 2,350 shares of Lennox International stock in a transaction 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 completion of the transaction, the executive vice president now owns 112,408 shares in the company, valued at approximately $19,272,351.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Todd M. Bluedorn sold 11,387 shares of Lennox International stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the completion of the transaction, the chairman now owns 181,410 shares of the company’s stock, valued at approximately $30,975,757.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,216 shares of company stock valued at $2,431,048. Corporate insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. Assetmark acquired a new stake in shares of Lennox International in the 3rd quarter valued at $0. YorkBridge Wealth Partners LLC increased its stake in shares of Lennox International by 19.5% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 620 shares of the construction company’s stock valued at $103,000 after buying an additional 101 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Lennox International by 114.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after buying an additional 300 shares during the period. Huntington National Bank increased its stake in shares of Lennox International by 16.7% in the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after buying an additional 81 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Lennox International in the 1st quarter valued at $163,000. 68.38% of the stock is owned by institutional investors.
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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