Lennox International (NYSE:LII) Stock Gets Price Target Reduction from Royal Bank Of Canada

Lennox International (NYSE:LII) had its price objective lowered by Royal Bank Of Canada from $469.00 to $406.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a sector perform rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley dropped their price target on shares of Lennox International from $450.00 to $375.00 and set an “underweight” rating for the company in a research report on Thursday, September 3rd. Weiss Ratings downgraded shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company began coverage on shares of Lennox International in a report on Friday, September 25th. They issued an “equal weight” rating and a $424.00 price objective on the stock. The Goldman Sachs Group lowered shares of Lennox International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $547.00 to $390.00 in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lennox International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $609.00 to $444.00 in a research report on Monday, September 14th. Four equities 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $483.46.

Lennox International Stock Down 0.2%

Shares of NYSE:LII opened at $357.71 on Wednesday. The business has a 50-day moving average price of $379.43 and a 200 day moving average price of $463.97. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.49 and a beta of 1.16. Lennox International has a 12-month low of $340.32 and a 12-month high of $587.27.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the firm earned $7.82 EPS. Lennox International’s revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Sell-side analysts expect that Lennox International will post 23.41 EPS for the current year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 30th. Lennox International’s payout ratio is currently 24.59%.

Hedge Funds Weigh In On Lennox International

Several hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its holdings in Lennox International by 4.0% during the 1st quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock valued at $421,000 after acquiring an additional 35 shares during the period. Root Financial Partners LLC grew its position in Lennox International by 137.9% in the 1st 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 in the last quarter. Fifth Third Wealth Advisors LLC grew its position in 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 acquiring an additional 62 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Lennox International during the second quarter worth about $37,000. Finally, Mufg Securities Americas Inc. increased its stake in Lennox International by 8.0% during the second quarter. Mufg Securities Americas Inc. now owns 954 shares of the construction company’s stock worth $547,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Company Profile

Lennox International Inc (NYSE:LII) is a heating, ventilation, air conditioning and refrigeration company that designs, manufactures and markets climate-control products for residential and commercial applications. Its offerings include furnaces, air conditioners, heat pumps, packaged systems, thermostats, controls and indoor air-quality products.

The company also provides commercial HVAC systems and services for offices, retail locations, industrial facilities and other buildings, as well as refrigeration equipment used in food retail and other applications.