UBS Group Forecasts Strong Price Appreciation for Lennox International (NYSE:LII) Stock

Lennox International (NYSE:LII) had its price objective increased by investment analysts at UBS Group from $575.00 to $625.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. UBS Group’s target price points to a potential upside of 2.01% from the stock’s previous close.

A number of other analysts also recently issued reports on LII. Robert W. Baird increased their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their target price on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Barclays increased their price target on Lennox International from $624.00 to $674.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $590.15.

Lennox International Stock Performance

Shares of LII stock opened at $612.71 on Friday. Lennox International has a 52-week low of $412.09 and a 52-week high of $682.50. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The stock has a market cap of $21.83 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The business has a 50-day simple moving average of $634.04 and a 200-day simple moving average of $595.20.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $5.37 earnings per share. Lennox International’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Lennox International will post 21.1 EPS for the current year.

Insiders Place Their Bets

In other Lennox International news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the completion of the sale, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 13.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Torres sold 581 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the sale, the executive vice president now directly owns 4,668 shares of the company’s stock, valued at $2,898,734.64. This trade represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,106 shares of company stock valued at $1,353,233 in the last 90 days. 10.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after buying an additional 12,183 shares during the period. Achmea Investment Management B.V. lifted its holdings in Lennox International by 7.3% in the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after acquiring an additional 5,673 shares during the last quarter. New York State Common Retirement Fund grew its position in Lennox International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 2,013 shares during the period. National Pension Service increased its stake in Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock worth $30,978,000 after acquiring an additional 1,140 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after purchasing an additional 4,927 shares during the period. 67.07% of the stock is currently owned by institutional investors and hedge funds.

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.