Lennox International Inc. (LII) Receives Consensus Rating of “Hold” from Brokerages

Lennox International Inc. (NYSE:LII) has received a consensus rating of “Hold” from the eleven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $199.50.

A number of analysts have recently commented on LII shares. Cleveland Research started coverage on Lennox International in a research note on Tuesday, October 3rd. They set a “neutral” rating on the stock. Wolfe Research reissued a “peer perform” rating on shares of Lennox International in a research note on Tuesday, October 3rd. Wells Fargo & Co raised their price objective 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. Stifel Nicolaus restated a “hold” rating and set a $187.00 price objective on shares of Lennox International in a research report on Thursday, October 12th. Finally, Cowen restated a “buy” rating and set a $190.00 price objective on shares of Lennox International in a research report on Monday, October 23rd.

Shares of Lennox International (NYSE LII) traded up $1.55 during mid-day trading on Friday, hitting $221.09. The stock had a trading volume of 164,145 shares, compared to its average volume of 247,120. Lennox International has a 12-month low of $153.20 and a 12-month high of $223.05. The firm has a market capitalization of $9,240.00, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. The company has a quick ratio of 0.72, a current ratio of 1.24 and a debt-to-equity ratio of 23.87.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is 28.73%.

In other news, CAO Chris Kosel sold 435 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $203.03, for a total transaction of $88,318.05. Following the completion of the transaction, the chief accounting officer now directly owns 810 shares in the company, valued at $164,454.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 8,313 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $202.94, for a total value of $1,687,040.22. Following the transaction, the chairman now owns 181,973 shares of the company’s stock, valued at $36,929,600.62. The disclosure for this sale can be found here. Insiders have sold 31,243 shares of company stock valued at $6,386,445 over the last 90 days. 3.90% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Impax Asset Management AIFM Ltd bought a new stake in Lennox International in the third quarter worth approximately $4,478,000. Hilton Capital Management LLC increased its holdings 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 worth $11,107,000 after purchasing an additional 3,380 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 worth $124,773,000 after purchasing an additional 3,546 shares in the last quarter. Rhumbline Advisers increased its holdings in Lennox International by 11.7% in the third quarter. Rhumbline Advisers now owns 89,196 shares of the construction company’s stock worth $15,963,000 after purchasing an additional 9,330 shares in the last quarter. Finally, Tocqueville Asset Management L.P. increased its holdings 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 worth $716,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 68.82% 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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