Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $278.56 and last traded at $277.47, with a volume of 6314 shares. The stock had previously closed at $275.42.
Several equities analysts recently issued reports on LII shares. Credit Suisse Group lifted their price objective on Lennox International from $234.00 to $253.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Morgan Stanley set a $202.00 price target on Lennox International and gave the stock a “sell” rating in a report on Friday, February 8th. Goldman Sachs Group started coverage on Lennox International in a report on Tuesday, March 5th. They issued a “neutral” rating and a $236.00 price target for the company. Wells Fargo & Co boosted their price target on Lennox International from $230.00 to $242.00 and gave the stock a “market perform” rating in a report on Wednesday, February 6th. Finally, Deutsche Bank started coverage on Lennox International in a report on Wednesday, March 13th. They issued a “hold” rating and a $256.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $254.49.
The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.29. Lennox International had a negative return on equity of 261.35% and a net margin of 10.17%. The company had revenue of $790.30 million during the quarter, compared to analysts’ expectations of $748.63 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts predict that Lennox International Inc. will post 12.3 EPS for the current fiscal year.
In other news, VP Chris Kosel sold 416 shares of Lennox International stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $252.00, for a total value of $104,832.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel M. Sessa sold 3,515 shares of Lennox International stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $258.50, for a total value of $908,627.50. Following the completion of the sale, the executive vice president now directly owns 44,912 shares of the company’s stock, valued at approximately $11,609,752. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,665 shares of company stock valued at $10,648,024. Company insiders own 3.40% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Lennox International by 17.8% in the first quarter. Geode Capital Management LLC now owns 406,123 shares of the construction company’s stock valued at $107,310,000 after purchasing an additional 61,415 shares during the period. Norges Bank purchased a new stake in Lennox International during the fourth quarter valued at about $81,876,000. Impax Asset Management Group plc grew its position in Lennox International by 4.1% during the fourth quarter. Impax Asset Management Group plc now owns 281,838 shares of the construction company’s stock valued at $61,683,000 after acquiring an additional 11,137 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in Lennox International by 1.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 138,101 shares of the construction company’s stock valued at $36,514,000 after acquiring an additional 1,900 shares during the period. Finally, New York State Common Retirement Fund grew its position in Lennox International by 4.7% during the first quarter. New York State Common Retirement Fund now owns 124,100 shares of the construction company’s stock valued at $32,812,000 after acquiring an additional 5,600 shares during the period. 70.47% of the stock is owned by institutional investors and hedge funds.
Lennox International Company Profile (NYSE:LII)
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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