Wells Fargo & Company upgraded shares of Lennox International (NYSE:LII – Free Report) to a hold rating in a research note issued to investors on Thursday morning,Zacks reports.
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada decreased their target price on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Morgan Stanley cut their price objective on shares of Lennox International from $450.00 to $375.00 and set an “underweight” rating on the stock in a report on Thursday, September 3rd. William Blair reissued an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft downgraded Lennox International from a “buy” rating to a “hold” rating and lowered their target price for the company from $609.00 to $444.00 in a research note on Monday, September 14th. Finally, Weiss Ratings lowered Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $522.85.
Read Our Latest Stock Analysis on LII
Lennox International Stock Performance
Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, topping analysts’ consensus estimates of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the business earned $7.82 EPS. Lennox International’s quarterly revenue was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, sell-side analysts forecast that Lennox International will post 23.54 earnings per share for the current fiscal year.
Lennox International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $5.44 annualized dividend and a yield of 1.5%. Lennox International’s dividend payout ratio is currently 24.59%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its position in shares of Lennox International by 137.9% in the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Lennox International in the 2nd quarter valued at about $37,000. Huntington National Bank lifted its position in shares of Lennox International by 51.8% during the fourth quarter. Huntington National Bank now owns 85 shares of the construction company’s stock worth $41,000 after purchasing an additional 29 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Lennox International during the second quarter worth about $50,000. Finally, Allworth Financial LP acquired a new position in Lennox International in the second quarter worth about $91,000. 67.07% of the stock is currently owned by institutional investors.
About Lennox International
Lennox International Inc (NYSE:LII) designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.
The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.
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