Wells Fargo & Company Cuts Lennox International (NYSE:LII) Price Target to $525.00

Lennox International (NYSE:LII) had its target price trimmed by Wells Fargo & Company from $545.00 to $525.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the construction company’s stock.

LII has been the topic of a number of other reports. Oppenheimer decreased their target price on Lennox International from $730.00 to $675.00 and set an “outperform” rating on the stock in a report on Wednesday, September 17th. Northcoast Research upgraded Lennox International from a “sell” rating to a “neutral” rating and set a $525.00 price target for the company in a research report on Monday, October 27th. JPMorgan Chase & Co. lowered their price objective on Lennox International from $501.00 to $493.00 and set an “underweight” rating on the stock in a research report on Thursday, October 23rd. KeyCorp reiterated a “sector weight” rating on shares of Lennox International in a research note on Thursday, October 23rd. Finally, Morgan Stanley reduced their target price on shares of Lennox International from $535.00 to $475.00 and set an “underweight” rating for the company in a report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $598.50.

Lennox International Stock Performance

LII opened at $511.92 on Thursday. The company’s 50 day moving average is $503.00 and its 200 day moving average is $551.44. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.78. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.98 and a beta of 1.16. Lennox International has a 12-month low of $443.19 and a 12-month high of $689.44.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, October 22nd. The construction company reported $6.98 EPS for the quarter, beating analysts’ consensus estimates of $6.69 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.68 earnings per share. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. On average, equities research analysts predict that Lennox International will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, December 31st. Lennox International’s dividend payout ratio is presently 21.95%.

Insider Activity

In other news, Director Todd J. Teske sold 600 shares of Lennox International stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $491.85, for a total transaction of $295,110.00. Following the sale, the director owned 7,581 shares in the company, valued at $3,728,714.85. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.73% of the stock is currently owned by insiders.

Institutional Trading of Lennox International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AdvisorShares Investments LLC purchased a new stake in Lennox International in the 2nd quarter worth $25,000. Root Financial Partners LLC purchased a new stake in shares of Lennox International in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Lennox International by 175.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company’s stock worth $46,000 after buying an additional 51 shares in the last quarter. Whittier Trust Co. boosted its stake in Lennox International by 125.0% during the second quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock valued at $46,000 after buying an additional 45 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Lennox International by 217.2% during the 3rd quarter. Covestor Ltd now owns 92 shares of the construction company’s stock valued at $48,000 after buying an additional 63 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.