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

Lennox International (NYSE:LII) had its target price reduced by Morgan Stanley from $375.00 to $350.00 in a report issued on Thursday morning,Benzinga reports. They currently have an underweight rating on the construction company’s stock.

A number of other brokerages have also recently weighed in on LII. Deutsche Bank Aktiengesellschaft cut shares of Lennox International from a “buy” rating to a “hold” rating and dropped their price target for the company from $609.00 to $444.00 in a research report on Monday, September 14th. Oppenheimer decreased their price objective on shares of Lennox International from $575.00 to $548.00 and set an “outperform” rating on the stock in a report on Wednesday. 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. Weiss Ratings cut shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Mizuho dropped their target price on shares of Lennox International from $450.00 to $395.00 and set a “neutral” rating for the company in a report on Thursday. 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 stock. According to data from MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and a consensus price target of $483.46.

Lennox International Price Performance

LII stock opened at $357.71 on Thursday. The business has a fifty day moving average of $379.43 and a two-hundred day moving average of $463.97. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. Lennox International has a 52-week low of $340.32 and a 52-week high of $587.27.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, beating analysts’ consensus estimates of $7.67 by $0.05. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, research analysts anticipate that Lennox International will post 23.36 earnings per share for the current year.

Lennox International Dividend Announcement

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

Hedge Funds Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in shares of Lennox International by 75.2% in the third quarter. IFP Advisors Inc now owns 594 shares of the construction company’s stock valued at $211,000 after purchasing an additional 255 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Lennox International by 61.6% in the third quarter. Vontobel Holding Ltd. now owns 934 shares of the construction company’s stock valued at $332,000 after purchasing an additional 356 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Lennox International by 22.1% in the third quarter. V Square Quantitative Management LLC now owns 1,587 shares of the construction company’s stock valued at $563,000 after purchasing an additional 287 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Lennox International by 21.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,668 shares of the construction company’s stock worth $947,000 after buying an additional 479 shares during the period. Finally, Mather Group LLC. increased its stake in Lennox International by 677.6% during the 3rd quarter. Mather Group LLC. now owns 521 shares of the construction company’s stock worth $185,000 after buying an additional 454 shares during the period. 67.07% of the stock is currently 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.