Barclays Cuts Lennox International (NYSE:LII) Price Target to $600.00

Lennox International (NYSE:LII) had its price target lowered by Barclays from $667.00 to $600.00 in a report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other brokerages also recently weighed in on LII. UBS Group started coverage on Lennox International in a research report on Monday, January 5th. They set a “neutral” rating and a $530.00 price target on the stock. Wells Fargo & Company decreased their price objective on Lennox International from $560.00 to $480.00 and set an “equal weight” rating for the company in a report on Wednesday. William Blair restated an “outperform” rating on shares of Lennox International in a research note on Thursday, March 5th. Oppenheimer raised their target price on Lennox International from $630.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Finally, Morgan Stanley reduced their price target on Lennox International from $475.00 to $450.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $566.27.

Lennox International Stock Performance

Shares of NYSE LII opened at $454.43 on Wednesday. The company has a 50 day simple moving average of $511.93 and a two-hundred day simple moving average of $508.85. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.74 and a beta of 1.21. The company has a current ratio of 1.60, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. Lennox International has a 12 month low of $434.06 and a 12 month high of $689.44.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $4.45 earnings per share for the quarter, missing analysts’ consensus estimates of $4.76 by ($0.31). Lennox International had a return on equity of 80.23% and a net margin of 15.13%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the company earned $5.60 EPS. The firm’s revenue was down 11.2% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. As a group, analysts predict that Lennox International will post 22.94 earnings per share for the current year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $1.30 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.1%. Lennox International’s dividend payout ratio is 23.38%.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 254 shares of Lennox International stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $536.50, for a total value of $136,271.00. Following the completion of the transaction, the chief accounting officer owned 1,090 shares in the company, valued at $584,785. The trade was a 18.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd J. Teske sold 700 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $533.45, for a total value of $373,415.00. Following the completion of the transaction, the director directly owned 6,881 shares of the company’s stock, valued at $3,670,669.45. The trade was a 9.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,054 shares of company stock valued at $563,687 in the last ninety days. 9.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Lennox International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its stake in shares of Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after buying an additional 53,679 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Lennox International during the 3rd quarter valued at approximately $20,847,000. Bank of New York Mellon Corp grew its stake in Lennox International by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock valued at $98,835,000 after acquiring an additional 18,901 shares during the period. SG Americas Securities LLC grew its stake in Lennox International by 55.6% in the 3rd quarter. SG Americas Securities LLC now owns 49,456 shares of the construction company’s stock valued at $26,180,000 after acquiring an additional 17,673 shares during the period. Finally, Danske Bank A S purchased a new stake in Lennox International in the 3rd quarter worth $7,249,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.