Lennox International (NYSE:LII) Upgraded at Barclays

Lennox International (NYSE:LII) was upgraded by Barclays from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a $702.00 price objective on the construction company’s stock, up from their prior price objective of $665.00. Barclays‘s price target would suggest a potential upside of 13.42% from the company’s current price.

LII has been the subject of a number of other reports. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $675.00 to $625.00 in a research note on Thursday, January 30th. Northcoast Research assumed coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research note on Thursday, January 30th. UBS Group boosted their price target on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley began coverage on Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $608.85.

Lennox International Stock Performance

Shares of Lennox International stock opened at $618.92 on Wednesday. Lennox International has a 12 month low of $445.63 and a 12 month high of $682.50. The firm has a market capitalization of $22.02 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.36 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $621.83 and a two-hundred day simple moving average of $614.07.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, equities analysts forecast that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in shares of Lennox International by 36.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,776 shares of the construction company’s stock valued at $4,104,000 after acquiring an additional 1,792 shares during the period. Congress Asset Management Co. bought a new stake in Lennox International during the 3rd quarter worth approximately $202,000. Cigna Investments Inc. New purchased a new position in Lennox International during the third quarter valued at approximately $205,000. New York State Common Retirement Fund boosted its position in shares of Lennox International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after purchasing an additional 2,013 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Lennox International by 164.2% in the third quarter. Farther Finance Advisors LLC now owns 605 shares of the construction company’s stock worth $366,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors 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.