Barclays Raises Lennox International (NYSE:LII) Price Target to $315.00


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Lennox International (NYSE:LII) had its target price hoisted by Barclays from $300.00 to $315.00 in a research note released on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the construction company’s stock.

A number of other research firms have also recently issued reports on LII. Credit Suisse Group reiterated an underperform rating and issued a $285.00 price objective on shares of Lennox International in a report on Wednesday, March 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lennox International from $307.00 to $310.00 and gave the stock a hold rating in a research report on Tuesday. Jefferies Financial Group upped their price target on shares of Lennox International from $295.00 to $300.00 and gave the company a hold rating in a research report on Friday, January 15th. Finally, Morgan Stanley boosted their target price on Lennox International from $240.00 to $258.00 and gave the company an underweight rating in a research note on Monday, March 29th. Four research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. Lennox International currently has a consensus rating of Hold and a consensus price target of $261.54.

Shares of Lennox International stock opened at $333.99 on Tuesday. Lennox International has a 1 year low of $168.94 and a 1 year high of $334.81. The firm has a market cap of $12.61 billion, a PE ratio of 35.99 and a beta of 0.81. The company has a 50 day simple moving average of $306.00 and a two-hundred day simple moving average of $289.30.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Tuesday, February 2nd. The construction company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.26. Lennox International had a net margin of 9.95% and a negative return on equity of 176.45%. The company had revenue of $914.00 million during the quarter, compared to the consensus estimate of $884.28 million. During the same period in the previous year, the firm posted $2.45 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts anticipate that Lennox International will post 9.69 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is 27.52%.

In other news, EVP Daniel M. Sessa sold 1,872 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $301.65, for a total value of $564,688.80. Following the sale, the executive vice president now directly owns 47,286 shares of the company’s stock, valued at approximately $14,263,821.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Kosel sold 293 shares of the stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $292.76, for a total transaction of $85,778.68. Following the completion of the transaction, the chief accounting officer now owns 1,100 shares of the company’s stock, valued at $322,036. The disclosure for this sale can be found here. Insiders sold a total of 16,676 shares of company stock valued at $5,076,777 in the last three months. Corporate insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LII. New England Research & Management Inc. bought a new position in shares of Lennox International during the first quarter valued at approximately $452,000. FDx Advisors Inc. raised its position in shares of Lennox International by 26.1% in the 1st quarter. FDx Advisors Inc. now owns 4,332 shares of the construction company’s stock worth $1,350,000 after purchasing an additional 896 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Lennox International by 42.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 148,668 shares of the construction company’s stock worth $40,731,000 after purchasing an additional 44,407 shares during the last quarter. Schroder Investment Management Group boosted its stake in Lennox International by 85.1% in the 4th quarter. Schroder Investment Management Group now owns 273,597 shares of the construction company’s stock worth $74,957,000 after purchasing an additional 125,821 shares in the last quarter. Finally, Nixon Capital LLC purchased a new stake in Lennox International during the 4th quarter valued at about $3,534,000. Institutional investors and hedge funds own 66.33% of the company’s stock.

About Lennox International

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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