Lennox International (NYSE:LII) Price Target Increased to $675.00 by Analysts at Mizuho

Lennox International (NYSE:LII) had its target price upped by Mizuho from $650.00 to $675.00 in a research note issued to investors on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the construction company’s stock.

A number of other equities research analysts also recently weighed in on LII. Robert W. Baird upped their price target on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada increased their target price on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Stephens restated an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Barclays raised their price objective on Lennox International from $550.00 to $575.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $583.92.

Lennox International Trading Down 1.8 %

Shares of NYSE:LII opened at $609.18 on Thursday. The company has a 50 day moving average of $592.28 and a 200-day moving average of $544.60. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The firm has a market cap of $21.71 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.82 and a beta of 1.07. Lennox International has a twelve month low of $348.79 and a twelve month high of $627.46.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $5.37 EPS. As a group, analysts anticipate that Lennox International will post 20.38 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. Lennox International’s dividend payout ratio is 25.51%.

Insider Buying and Selling

In other Lennox International news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $583.47, for a total transaction of $291,735.00. Following the transaction, the director now owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares in the company, valued at $4,828,334.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the transaction, the director now owns 2,193 shares in the company, valued at approximately $1,279,549.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,308 shares of company stock valued at $6,563,103. Corporate insiders own 10.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Forsta AP Fonden grew its stake in shares of Lennox International by 165.0% in the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after buying an additional 13,200 shares in the last quarter. Swedbank AB bought a new stake in Lennox International in the first quarter worth approximately $15,416,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Lennox International during the 1st quarter worth $728,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Lennox International during the 2nd quarter valued at $491,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

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.