KeyCorp Increases Lennox International (NYSE:LII) Price Target to $515.00

Lennox International (NYSE:LII) had its price objective boosted by KeyCorp from $500.00 to $515.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

Several other research firms have also recently issued reports on LII. Wells Fargo & Company upped their price objective on Lennox International from $491.00 to $545.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. StockNews.com downgraded Lennox International from a buy rating to a hold rating in a report on Friday, February 9th. TD Cowen increased their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lowered shares of Lennox International from a neutral rating to an underweight rating and dropped their price target for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. Finally, Mizuho increased their price target on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $473.67.

Lennox International Stock Down 3.2 %

Lennox International stock opened at $466.37 on Wednesday. Lennox International has a twelve month low of $238.51 and a twelve month high of $501.72. The stock’s fifty day simple moving average is $465.91 and its 200-day simple moving average is $428.21. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $16.61 billion, a P/E ratio of 28.20, a P/E/G ratio of 2.38 and a beta of 1.02.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, equities analysts expect that Lennox International will post 19.73 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, March 27th. Lennox International’s dividend payout ratio is currently 26.60%.

Insider Activity

In related news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Company insiders own 2.83% of the company’s stock.

Institutional Trading of Lennox International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in Lennox International in the 1st quarter valued at about $41,000. Tobam grew its holdings in Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after buying an additional 82 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Lennox International in the 4th quarter valued at about $42,000. GAMMA Investing LLC purchased a new stake in Lennox International in the 4th quarter valued at about $80,000. Finally, UniSuper Management Pty Ltd purchased a new stake in Lennox International in the 2nd quarter valued at about $98,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.