Morgan Stanley Has Lowered Expectations for Lennox International (NYSE:LII) Stock Price

Lennox International (NYSE:LII) had its price target reduced by equities researchers at Morgan Stanley from $450.00 to $375.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Morgan Stanley’s target price would indicate a potential downside of 0.67% from the stock’s previous close.

LII has been the topic of a number of other research reports. Royal Bank Of Canada reduced their target price on Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. William Blair reiterated an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. 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. Finally, The Goldman Sachs Group reduced their target price on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $540.33.

Lennox International Trading Up 0.9%

NYSE LII traded up $3.54 on Thursday, hitting $377.54. 56,049 shares of the stock were exchanged, compared to its average volume of 476,350. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The stock has a fifty day moving average price of $480.35 and a two-hundred day moving average price of $497.86. The firm has a market capitalization of $13.05 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.48 and a beta of 1.18. Lennox International has a 52-week low of $371.65 and a 52-week high of $587.27.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share 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 business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted $7.82 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Research analysts forecast that Lennox International will post 23.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently made changes to their positions in LII. Nicholas Company Inc. boosted its position in Lennox International by 0.4% during the fourth quarter. Nicholas Company Inc. now owns 6,600 shares of the construction company’s stock valued at $3,205,000 after purchasing an additional 25 shares in the last quarter. Huntington National Bank lifted its position in shares of Lennox International by 51.8% during the fourth quarter. Huntington National Bank now owns 85 shares of the construction company’s stock valued at $41,000 after buying an additional 29 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Lennox International by 4.0% in the 1st quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock valued at $421,000 after buying an additional 35 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Lennox International by 10.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 418 shares of the construction company’s stock worth $203,000 after buying an additional 39 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Lennox International by 137.9% in the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. 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.