JPMorgan Chase & Co. Issues Pessimistic Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $565.00 to $455.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 18.92% from the stock’s current price.

A number of other research firms have also recently commented on LII. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $665.00 to $702.00 in a research note on Wednesday, February 26th. Wells Fargo & Company reissued an “underweight” rating and set a $580.00 price target (down previously from $630.00) on shares of Lennox International in a research report on Monday, February 3rd. Stephens reiterated an “overweight” rating and set a $750.00 target price on shares of Lennox International in a report on Friday, March 7th. Morgan Stanley began coverage on shares of Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $606.15.

Lennox International Stock Up 9.9 %

Shares of NYSE:LII opened at $561.18 on Tuesday. The company has a 50-day moving average price of $584.21 and a 200 day moving average price of $611.74. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Lennox International has a 12 month low of $445.63 and a 12 month high of $682.50. The company has a market cap of $19.97 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.36 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. As a group, equities research analysts predict that Lennox International will post 22.94 earnings per share for the current year.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Several hedge funds and other institutional investors have recently bought and sold shares of LII. Everence Capital Management Inc. acquired a new position in Lennox International in the fourth quarter valued at approximately $567,000. Toronto Dominion Bank boosted its holdings in Lennox International by 27.0% during the third quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock worth $2,393,000 after buying an additional 841 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Lennox International by 3.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock valued at $415,000 after buying an additional 20 shares during the period. Eukles Asset Management purchased a new position in Lennox International in the fourth quarter valued at $447,000. Finally, Jones Financial Companies Lllp raised its position in shares of Lennox International by 487.7% in the fourth quarter. Jones Financial Companies Lllp now owns 429 shares of the construction company’s stock worth $261,000 after acquiring an additional 356 shares during the period. 67.07% of the stock is 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.