Lennox International (NYSE:LII) Price Target Cut to $350.00 by Analysts at BNP Paribas Exane

Lennox International (NYSE:LII – Free Report) had its price target decreased by BNP Paribas Exane from $450.00 to $350.00 in a research report released on Friday,Benzinga reports. BNP Paribas Exane currently has a neutral rating on the construction company’s stock.

A number of other equities analysts have also recently commented on LII. Morgan Stanley decreased their target price on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada cut their price target on Lennox International from $406.00 to $378.00 and set a “sector perform” rating for the company in a report on Thursday. The Goldman Sachs Group cut Lennox International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $547.00 to $390.00 in a research report on Wednesday, October 14th. Mizuho set a $350.00 price objective on Lennox International in a research note on Thursday. Finally, Wells Fargo & Company lowered their price objective on Lennox International from $424.00 to $355.00 and set an “equal weight” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $444.85.

Read Our Latest Research Report on LII

Lennox International Stock Down 1.2%

Shares of LII stock opened at $344.09 on Friday. Lennox International has a 12 month low of $322.00 and a 12 month high of $587.27. The stock has a market cap of $11.77 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a current ratio of 1.21, a quick ratio of 0.77 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $368.34 and a two-hundred day simple moving average of $472.06.

Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.45). The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.98 earnings per share. On average, research analysts expect that Lennox International will post 21.25 earnings per share for the current year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 25.24%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Lennox International in the 2nd quarter valued at approximately $37,000. Root Financial Partners LLC raised its stake in shares of 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 acquiring an additional 40 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Lennox International by 3,500.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock worth $26,000 after acquiring an additional 70 shares during the last quarter. Burkett Financial Services LLC bought a new stake in shares of Lennox International in the 3rd quarter worth about $26,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Lennox International in the 2nd quarter worth about $50,000. Institutional investors own 67.07% of the company’s stock.

Key Stories Impacting Lennox International

Here are the key news stories impacting Lennox International this week:

  • Positive Sentiment: Third-quarter revenue increased 10.2% year over year to approximately $1.57 billion, while the Building Climate Solutions segment grew 24%, supporting commercial-market expansion. Lennox: 3 Key Takeaways for Long-Term Investors
  • Positive Sentiment: Lennox added smart thermostat energy-saving services, which could strengthen its connected-home offering and create additional recurring-service opportunities. Lennox International Adds Smart Thermostat Energy Saving Services
  • Neutral Sentiment: BNP Paribas Exane lowered its price target from $450 to $350 and assigned a neutral rating. RBC also cut its target from $406 to $378 while maintaining a sector-perform view, indicating analysts see limited near-term upside despite the lower share price. BNP Paribas Exane Lennox Rating
  • Negative Sentiment: Lennox reported adjusted earnings of $6.84 per share, below the $7.29 analyst consensus and down from $6.98 a year earlier. The earnings miss, along with lower guidance and margin pressure, weakened investor confidence. Lennox Downgraded at Oppenheimer
  • Negative Sentiment: Oppenheimer downgraded LII to perform from outperform, while Stephens moved to equal weight and Wells Fargo cut its target from $424 to $355. Analysts cited inflation, competition and a slower-than-expected recovery, contributing to the stock’s move below its 50-day moving average and new one-year low. Lennox Stock Price Crosses Below 50-Day Moving Average

Lennox International Company Profile

(Get Free Report)

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.

See Also

Analyst Recommendations for Lennox International (NYSE:LII)

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