Morgan Stanley Issues Pessimistic Forecast for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price target dropped by investment analysts at Morgan Stanley from $535.00 to $475.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Morgan Stanley’s price objective suggests a potential downside of 4.04% from the company’s current price.

Several other brokerages also recently commented on LII. Robert W. Baird raised their price objective on Lennox International from $600.00 to $668.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Wells Fargo & Company upgraded Lennox International from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $675.00 to $575.00 in a report on Monday, October 6th. The Goldman Sachs Group increased their target price on Lennox International from $619.00 to $691.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Mizuho lowered their target price on Lennox International from $650.00 to $565.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Finally, Oppenheimer lowered their target price on Lennox International from $730.00 to $675.00 and set an “outperform” rating for the company in a report on Wednesday, September 17th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $608.08.

Lennox International Stock Performance

Shares of Lennox International stock opened at $494.98 on Thursday. The company has a market capitalization of $17.38 billion, a PE ratio of 21.16, a PEG ratio of 2.01 and a beta of 1.10. Lennox International has a 12 month low of $485.47 and a 12 month high of $689.44. The company has a current ratio of 1.41, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $550.67 and its 200 day simple moving average is $567.51.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 EPS for the quarter, topping the consensus estimate of $6.69 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.54 billion. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.68 EPS. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. On average, research analysts predict that Lennox International will post 22.94 EPS for the current year.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares in the company, valued at approximately $758,764.52. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.73% of the company’s stock.

Hedge Funds Weigh In On Lennox International

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Lennox International by 24.0% during the first quarter. GAMMA Investing LLC now owns 636 shares of the construction company’s stock worth $357,000 after purchasing an additional 123 shares during the period. United Services Automobile Association acquired a new stake in Lennox International during the first quarter worth approximately $410,000. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Lennox International during the first quarter worth approximately $1,389,000. Strs Ohio acquired a new stake in Lennox International during the first quarter worth approximately $1,419,000. Finally, Amundi lifted its position in Lennox International by 33.1% during the first quarter. Amundi now owns 189,571 shares of the construction company’s stock worth $103,661,000 after acquiring an additional 47,170 shares during the last quarter. 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.