Lennox International (NYSE:LII) Stock Gets Price Target Cut from Mizuho

Lennox International (NYSE:LII) had its price objective trimmed by Mizuho from $450.00 to $395.00 in a report issued on Thursday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

A number of other equities analysts also recently weighed in on the company. Royal Bank Of Canada cut their target price on Lennox International from $469.00 to $406.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Wells Fargo & Company assumed coverage on Lennox International in a report on Friday, September 25th. They issued an “equal weight” rating and a $424.00 target price for the company. Morgan Stanley decreased their price target on Lennox International from $450.00 to $375.00 and set an “underweight” rating for the company in a research report on Thursday, September 3rd. The Goldman Sachs Group lowered Lennox International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $547.00 to $390.00 in a report on Wednesday. Finally, Weiss Ratings lowered Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $483.46.

Lennox International Price Performance

Shares of NYSE:LII opened at $357.71 on Thursday. 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 stock’s fifty day simple moving average is $379.43 and its two-hundred day simple moving average is $463.97. Lennox International has a 1-year low of $340.32 and a 1-year high of $587.27. The stock has a market cap of $12.36 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.56 billion. During the same period in the previous year, the firm earned $7.82 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, analysts forecast that Lennox International will post 23.36 EPS for the current fiscal 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 paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, September 30th. Lennox International’s payout ratio is currently 24.59%.

Institutional Investors Weigh In On Lennox International

Several institutional investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC bought a new stake in shares of Lennox International in the second quarter valued at approximately $239,217,000. Jefferies Financial Group Inc. purchased a new stake in shares of Lennox International during the 2nd quarter valued at approximately $3,644,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Lennox International during the 2nd quarter valued at approximately $10,596,000. Capstone Investment Advisors LLC bought a new position in Lennox International in the 2nd quarter worth approximately $2,991,000. Finally, Legal & General Group Plc bought a new position in Lennox International in the 2nd quarter worth approximately $54,927,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

About Lennox International

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.