Lennox International (NYSE:LII) Stock Crosses Above 200-Day Moving Average – Here’s Why

Lennox International, Inc. (NYSE:LII)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $514.76 and traded as high as $562.00. Lennox International shares last traded at $549.4430, with a volume of 541,903 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LII shares. Wells Fargo & Company increased their target price on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Lennox International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. BNP Paribas Exane initiated coverage on shares of Lennox International in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $535.00 price objective for the company. Barclays dropped their price objective on Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Lennox International from $485.00 to $579.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and an average price target of $565.83.

Lennox International Price Performance

The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $19.12 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.14 and a beta of 1.16. The company has a fifty day moving average price of $526.32 and a two-hundred day moving average price of $514.76.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.19. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $3.63 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. On average, equities research analysts expect that Lennox International, Inc. will post 24.43 EPS for the current fiscal year.

Lennox International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Lennox International’s previous quarterly dividend of $1.30. Lennox International’s payout ratio is 24.48%.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 971 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $544.80, for a total value of $529,000.80. Following the completion of the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at approximately $593,832. This represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Lennox International by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock valued at $98,835,000 after acquiring an additional 18,901 shares during the period. Ameriprise Financial Inc. lifted its position in Lennox International by 18.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company’s stock worth $45,043,000 after acquiring an additional 13,281 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Lennox International by 3.5% in the third quarter. BNP Paribas Financial Markets now owns 67,766 shares of the construction company’s stock valued at $35,873,000 after purchasing an additional 2,276 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Lennox International by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,868 shares of the construction company’s stock worth $29,179,000 after purchasing an additional 420 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Lennox International by 78.0% during the first quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock worth $26,361,000 after purchasing an additional 24,893 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.