Northcoast Research Begins Coverage on Lennox International (NYSE:LII)

Northcoast Research started coverage on shares of Lennox International (NYSE:LII) in a research report released on Friday morning, Marketbeat Ratings reports. The firm issued a sell rating and a $475.00 target price on the construction company’s stock.

Several other analysts have also issued reports on LII. Robert W. Baird lifted their target price on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Barclays lifted their target price on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, Stephens reiterated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $575.54.

Lennox International Stock Up 3.3 %

LII stock opened at $679.08 on Friday. The firm has a market cap of $24.19 billion, a PE ratio of 32.24, a P/E/G ratio of 2.02 and a beta of 1.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The firm’s fifty day moving average is $612.51 and its 200 day moving average is $567.57. Lennox International has a one year low of $397.34 and a one year high of $682.50.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $5.37 earnings per share. On average, research analysts forecast that Lennox International will post 21.1 EPS for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.68%. Lennox International’s payout ratio is 21.84%.

Insider Buying and Selling at Lennox International

In other news, Director Shane D. Wall sold 325 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now directly owns 2,035 shares of the company’s stock, valued at approximately $1,247,393.95. The trade was a 13.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the sale, the chief accounting officer now directly owns 1,446 shares in the company, valued at $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,480 shares of company stock worth $3,823,519 in the last ninety days. 10.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in LII. Massmutual Trust Co. FSB ADV increased its position in shares of Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after buying an additional 23 shares in the last quarter. L & S Advisors Inc boosted its holdings in shares of Lennox International by 0.8% in the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after buying an additional 40 shares in the last quarter. Argent Trust Co boosted its holdings in shares of Lennox International by 6.6% in the 2nd quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after buying an additional 41 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Lennox International in the 3rd quarter valued at $27,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

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.