Wells Fargo & Company assumed coverage on shares of Lennox International (NYSE:LII – Free Report) in a report released on Friday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $424.00 target price on the construction company’s stock.
LII has been the subject of a number of other research reports. Morgan Stanley dropped their price objective on Lennox International from $450.00 to $375.00 and set an “underweight” rating for the company in a report on Thursday, September 3rd. The Goldman Sachs Group lowered their target price on Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a report on Friday, July 31st. William Blair reiterated an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Weiss Ratings lowered Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada cut their price target 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. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $522.85.
Lennox International Stock Performance
Lennox International (NYSE:LII – Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, beating the consensus estimate of $7.67 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Sell-side analysts predict that Lennox International will post 23.54 earnings per share for the current fiscal year.
Lennox International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $1.36 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $5.44 annualized dividend and a dividend yield of 1.5%. Lennox International’s dividend payout ratio (DPR) is presently 24.59%.
Hedge Funds Weigh In On Lennox International
A number of institutional investors have recently added to or reduced their stakes in LII. Huntington National Bank raised its position in Lennox International by 51.8% in the fourth quarter. Huntington National Bank now owns 85 shares of the construction company’s stock valued at $41,000 after purchasing an additional 29 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Lennox International by 4.0% during the first quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock worth $421,000 after buying an additional 35 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Lennox International by 137.9% in the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of Lennox International by 11.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 583 shares of the construction company’s stock valued at $271,000 after purchasing an additional 62 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Lennox International during the 2nd quarter worth approximately $37,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.
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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