UBS Group Initiates Coverage on Lennox International (LII)

Stock analysts at UBS Group assumed coverage on shares of Lennox International (NYSE:LII) in a report released on Tuesday, www.briefing.com reports. The firm set a “neutral” rating and a $230.00 price target on the construction company’s stock. UBS Group’s price objective indicates a potential upside of 6.67% from the company’s current price.

LII has been the topic of a number of other reports. Wells Fargo & Co upped their price target on Lennox International from $190.00 to $193.00 and gave the stock a “market perform” rating in a research report on Friday, October 6th. 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 report on Tuesday, October 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of Lennox International in a research report on Tuesday, October 3rd. Cleveland Research initiated coverage on Lennox International in a research report on Tuesday, October 3rd. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $187.00 price target on shares of Lennox International in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Lennox International has an average rating of “Hold” and an average target price of $199.50.

Lennox International (NYSE:LII) opened at $215.62 on Tuesday. The stock has a market capitalization of $9,043.20, a price-to-earnings ratio of 30.54, a PEG ratio of 1.19 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 23.87. Lennox International has a 12-month low of $150.32 and a 12-month high of $216.79.

In other news, Director Paul W. Schmidt sold 750 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $193.46, for a total transaction of $145,095.00. Following the sale, the director now directly owns 2,689 shares of the company’s stock, valued at $520,213.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Todd M. Bluedorn sold 8,313 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the sale, the chairman now directly owns 181,973 shares in the company, valued at $36,929,600.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,573 shares of company stock worth $8,194,706. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its holdings in shares of Lennox International by 4.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after buying an additional 28 shares during the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Lennox International during the second quarter valued at $239,000. Toronto Dominion Bank grew its holdings in shares of Lennox International by 240.8% during the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after buying an additional 1,146 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of Lennox International by 60.0% during 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. Finally, Pacer Advisors Inc. grew its holdings in shares of Lennox International by 11.3% during the third quarter. Pacer Advisors Inc. now owns 6,935 shares of the construction company’s stock valued at $1,241,000 after buying an additional 703 shares during the last quarter. 68.82% of the stock is currently owned by hedge funds and other institutional investors.

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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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