Lennox International (NYSE:LII) had its price target upped by Buckingham Research from $236.00 to $275.00 in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Buckingham Research’s price objective points to a potential upside of 1.33% from the company’s current price.
LII has been the subject of a number of other research reports. Credit Suisse Group raised their target price on shares of Lennox International from $234.00 to $253.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Morgan Stanley set a $202.00 target price on shares of Lennox International and gave the stock a “sell” rating in a research note on Friday, February 8th. Goldman Sachs Group initiated coverage on shares of Lennox International in a research note on Tuesday, March 5th. They set a “neutral” rating and a $236.00 target price for the company. Wells Fargo & Co raised their target price on shares of Lennox International from $230.00 to $242.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 6th. Finally, Deutsche Bank initiated coverage on shares of Lennox International in a research note on Wednesday, March 13th. They set a “hold” rating and a $256.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $245.70.
Lennox International stock traded down $0.58 during mid-day trading on Wednesday, reaching $271.39. The company’s stock had a trading volume of 29,989 shares, compared to its average volume of 359,649. The company has a market cap of $10.93 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. Lennox International has a 12 month low of $177.36 and a 12 month high of $277.05.
Lennox International (NYSE:LII) last released its earnings results on Tuesday, February 5th. The construction company reported $1.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.93. The business had revenue of $843.60 million during the quarter, compared to the consensus estimate of $855.97 million. Lennox International had a net margin of 9.25% and a negative return on equity of 297.46%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, analysts predict that Lennox International will post 12.29 earnings per share for the current fiscal year.
In other Lennox International news, EVP Daniel M. Sessa sold 3,515 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $258.50, for a total transaction of $908,627.50. Following the sale, the executive vice president now directly owns 44,912 shares of the company’s stock, valued at approximately $11,609,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Chris Kosel sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $252.00, for a total transaction of $104,832.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,468 shares of company stock worth $12,069,435 over the last three months. Insiders own 3.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC bought a new stake in Lennox International during the 4th quarter worth approximately $25,000. Huntington National Bank boosted its stake in shares of Lennox International by 196.6% in the 1st quarter. Huntington National Bank now owns 439 shares of the construction company’s stock valued at $116,000 after purchasing an additional 291 shares during the last quarter. Resources Management Corp CT ADV acquired a new position in shares of Lennox International during the 3rd quarter valued at $127,000. Gofen & Glossberg LLC IL acquired a new position in shares of Lennox International during the 1st quarter valued at $219,000. Finally, Advisor Partners LLC lifted its position in shares of Lennox International by 6.6% during the 4th quarter. Advisor Partners LLC now owns 1,046 shares of the construction company’s stock valued at $229,000 after acquiring an additional 65 shares during the period. 69.48% of the stock is currently owned by hedge funds and other institutional investors.
Lennox International Company Profile
Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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