UBS Group Boosts Lennox International (NYSE:LII) Price Target to $485.00

Lennox International (NYSE:LII) had its price target raised by UBS Group from $450.00 to $485.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Several other analysts have also recently weighed in on the stock. StockNews.com cut shares of Lennox International from a buy rating to a hold rating in a research note on Friday, February 9th. Royal Bank of Canada boosted their price objective on shares of Lennox International from $392.00 to $414.00 and gave the stock a sector perform rating in a research note on Thursday, February 1st. Barclays boosted their price objective on shares of Lennox International from $450.00 to $500.00 and gave the stock an equal weight rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Lennox International in a research note on Thursday, February 1st. They issued a buy rating and a $523.00 price objective on the stock. Finally, Mizuho boosted their price objective on shares of Lennox International from $490.00 to $540.00 and gave the stock a buy rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Stock Up 0.3 %

Shares of NYSE:LII opened at $477.11 on Thursday. The company has a fifty day moving average of $472.39 and a 200-day moving average of $435.93. The company has a market capitalization of $16.99 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. On average, equities analysts predict that Lennox International will post 19.82 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is presently 25.49%.

Insider Transactions at Lennox International

In other news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares in the company, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in shares of Lennox International by 2.7% in the 1st quarter. New York State Teachers Retirement System now owns 36,712 shares of the construction company’s stock worth $17,943,000 after acquiring an additional 950 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Lennox International by 9.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after acquiring an additional 6,041 shares during the last quarter. New England Research & Management Inc. acquired a new stake in shares of Lennox International in the 1st quarter worth about $489,000. Rise Advisors LLC acquired a new stake in shares of Lennox International in the 1st quarter worth about $41,000. Finally, Symmetry Partners LLC raised its holdings in shares of Lennox International by 4.6% in the 1st quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock worth $1,044,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

About Lennox International

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.