UBS Group Increases Lennox International (NYSE:LII) Price Target to $485.00

Lennox International (NYSE:LII) had its target price increased by UBS Group from $450.00 to $485.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other analysts have also recently issued reports on the company. TD Cowen upped their target price on Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. downgraded shares of Lennox International from a neutral rating to an underweight rating and reduced their target price for the stock from $370.00 to $330.00 in a research note on Thursday, February 1st. Wells Fargo & Company increased their price target on shares of Lennox International from $491.00 to $545.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. Royal Bank of Canada upped their price objective on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a research note on Thursday, February 1st. They set a buy rating and a $523.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International currently has an average rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Stock Performance

NYSE:LII opened at $477.11 on Thursday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. The stock has a market capitalization of $17.00 billion, a PE ratio of 27.64, a P/E/G ratio of 2.34 and a beta of 1.02. Lennox International has a fifty-two week low of $264.88 and a fifty-two week high of $501.72. The company has a fifty day moving average of $472.39 and a two-hundred day moving average of $436.25.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.17 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. As a group, research analysts forecast that Lennox International will post 19.82 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is presently 25.49%.

Insider Transactions at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

Several institutional investors have recently modified their holdings of LII. iA Global Asset Management Inc. acquired a new stake in shares of Lennox International during the 3rd quarter worth about $8,067,000. Eagle Asset Management Inc. purchased a new stake in Lennox International in the fourth quarter valued at $5,795,000. DNB Asset Management AS acquired a new position in Lennox International in the fourth quarter valued at $5,393,000. Russell Investments Group Ltd. increased its position in shares of Lennox International by 33.6% during the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after purchasing an additional 11,077 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Lennox International by 87.6% in the 4th quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock valued at $8,089,000 after purchasing an additional 8,441 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

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.