Stifel Nicolaus Reaffirms “Hold” Rating for Lennox International (LII)

Lennox International (NYSE:LII)‘s stock had its “hold” rating restated by Stifel Nicolaus in a report issued on Friday. They presently have a $198.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 8.54% from the stock’s previous close.

A number of other brokerages also recently commented on LII. Morgan Stanley boosted their target price on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a report on Tuesday, October 24th. Wells Fargo & Co boosted their price target on Lennox International from $190.00 to $193.00 and gave the stock a “market perform” rating in a research note on Friday, October 6th. Robert W. Baird restated a “buy” rating on shares of Lennox International in a research note on Tuesday, October 24th. Credit Suisse Group restated a “neutral” rating and set a $180.00 price target (up previously from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Finally, Cleveland Research assumed coverage on Lennox International in a research note on Tuesday, October 3rd. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $190.33.

Shares of Lennox International (NYSE:LII) traded up $2.49 during trading on Friday, reaching $216.48. 208,295 shares of the company’s stock were exchanged, compared to its average volume of 264,017. The company has a market capitalization of $9,040.00, a P/E ratio of 30.49, a PEG ratio of 1.17 and a beta of 1.22. The company has a debt-to-equity ratio of 23.87, a current ratio of 1.24 and a quick ratio of 0.72. Lennox International has a fifty-two week low of $150.29 and a fifty-two week high of $216.79.

Lennox International (NYSE:LII) last announced its earnings results on Monday, October 23rd. The construction company reported $2.53 EPS for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. equities research analysts predict that Lennox International will post 7.91 EPS for the current year.

In related news, VP Chris Kosel sold 754 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $204.37, for a total value of $154,094.98. Following the sale, the vice president now owns 810 shares in the company, valued at $165,539.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $210.95, for a total value of $2,721,465.95. Following the completion of the sale, the chairman now owns 183,360 shares in the company, valued at approximately $38,679,792. The disclosure for this sale can be found here. Insiders have sold 40,573 shares of company stock worth $8,194,706 in the last 90 days. Insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Impax Asset Management AIFM Ltd purchased a new stake in Lennox International in the third quarter valued at approximately $4,478,000. Hilton Capital Management LLC boosted its position in Lennox International by 5.8% in the third quarter. Hilton Capital Management LLC now owns 62,063 shares of the construction company’s stock valued at $11,107,000 after buying an additional 3,380 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Lennox International by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 697,173 shares of the construction company’s stock valued at $124,773,000 after buying an additional 3,546 shares during the last quarter. Rhumbline Advisers boosted its position in Lennox International by 11.7% in the third quarter. Rhumbline Advisers now owns 89,196 shares of the construction company’s stock valued at $15,963,000 after buying an additional 9,330 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in Lennox International by 60.0% in the third quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock valued at $716,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 68.84% of the company’s stock.

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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.

Analyst Recommendations for Lennox International (NYSE:LII)

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