Lennox International (NYSE:LII – Free Report) had its target price raised by TD Cowen from $350.00 to $370.00 in a report released on Friday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.
A number of other analysts have also commented on the company. Wells Fargo & Company lifted their price target on Lennox International from $314.00 to $355.00 in a research note on Monday, July 10th. Robert W. Baird lifted their target price on shares of Lennox International from $375.00 to $400.00 in a research report on Friday. Mizuho raised their price target on shares of Lennox International from $260.00 to $340.00 in a research note on Friday. StockNews.com assumed coverage on shares of Lennox International in a research note on Thursday, May 18th. They issued a hold rating on the stock. Finally, Barclays raised their target price on Lennox International from $280.00 to $350.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of Hold and an average target price of $309.92.
Lennox International Trading Up 1.1 %
Shares of LII stock opened at $367.51 on Friday. Lennox International has a fifty-two week low of $202.97 and a fifty-two week high of $370.28. The company has a debt-to-equity ratio of 13.06, a quick ratio of 0.56 and a current ratio of 1.05. The stock’s fifty day moving average price is $313.98 and its two-hundred day moving average price is $278.03. The company has a market cap of $13.05 billion, a PE ratio of 23.46, a P/E/G ratio of 3.29 and a beta of 0.96.
Lennox International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.20%. The ex-dividend date is Wednesday, August 30th. Lennox International’s dividend payout ratio (DPR) is presently 28.41%.
Insider Activity at Lennox International
In related news, EVP Daniel M. Sessa sold 2,419 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $288.09, for a total value of $696,889.71. Following the completion of the sale, the executive vice president now directly owns 44,256 shares of the company’s stock, valued at approximately $12,749,711.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Joseph William Reitmeier sold 2,808 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $282.17, for a total value of $792,333.36. Following the transaction, the chief financial officer now owns 23,986 shares of the company’s stock, valued at approximately $6,768,129.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel M. Sessa sold 2,419 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $288.09, for a total value of $696,889.71. Following the completion of the sale, the executive vice president now directly owns 44,256 shares of the company’s stock, valued at $12,749,711.04. The disclosure for this sale can be found here. Insiders have sold 5,527 shares of company stock worth $1,574,120 in the last quarter. Company insiders own 2.83% of the company’s stock.
Institutional Investors Weigh In On Lennox International
Institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its holdings in Lennox International by 662.1% during the second quarter. Captrust Financial Advisors now owns 4,085 shares of the construction company’s stock worth $844,000 after purchasing an additional 3,549 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Lennox International by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,911 shares of the construction company’s stock valued at $3,766,000 after purchasing an additional 141 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Lennox International by 35.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,353 shares of the construction company’s stock worth $524,000 after purchasing an additional 612 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Lennox International by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after buying an additional 10,227 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its position in Lennox International by 38.5% during the fourth quarter. Eagle Bay Advisors LLC now owns 385 shares of the construction company’s stock valued at $92,000 after buying an additional 107 shares during the period. 68.43% of the stock is owned by hedge funds and other institutional investors.
About Lennox International
Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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