Lennox International (NYSE:LII) had its price objective hoisted by research analysts at Morgan Stanley from $227.00 to $240.00 in a report issued on Friday, Analyst Ratings Network reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Morgan Stanley’s price objective suggests a potential downside of 12.38% from the company’s previous close.
A number of other equities research analysts have also commented on LII. Vertical Research upgraded Lennox International to a “hold” rating and set a $275.00 price target on the stock in a research report on Tuesday, October 20th. The Goldman Sachs Group lowered Lennox International from a “neutral” rating to a “sell” rating and set a $265.00 price target on the stock. in a research report on Thursday, November 19th. BidaskClub lowered Lennox International from a “buy” rating to a “hold” rating in a research report on Thursday, December 31st. Stephens began coverage on Lennox International in a research report on Thursday, October 15th. They issued an “equal weight” rating and a $280.00 price target on the stock. Finally, Jefferies Financial Group began coverage on Lennox International in a research note on Tuesday, October 13th. They issued a “hold” rating and a $295.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $254.64.
Shares of LII stock opened at $273.92 on Friday. The firm has a market capitalization of $10.49 billion, a P/E ratio of 29.52 and a beta of 0.85. Lennox International has a twelve month low of $163.40 and a twelve month high of $319.77. The stock’s fifty day simple moving average is $280.57 and its 200 day simple moving average is $272.64.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, October 19th. The construction company reported $3.53 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.40. Lennox International had a negative return on equity of 176.45% and a net margin of 9.95%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $991.33 million. During the same quarter in the previous year, the company posted $3.44 EPS. Lennox International’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Lennox International will post 9.49 earnings per share for the current fiscal year.
In related news, EVP Prakash Bedapudi sold 7,346 shares of the company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $298.26, for a total transaction of $2,191,017.96. Also, CEO Todd M. Bluedorn sold 4,705 shares of the company’s stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of $280.15, for a total value of $1,318,105.75. Following the transaction, the chief executive officer now directly owns 82,179 shares in the company, valued at $23,022,446.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,754 shares of company stock worth $5,694,613. 3.40% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of LII. Caisse DE Depot ET Placement DU Quebec raised its stake in Lennox International by 888.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,575 shares of the construction company’s stock worth $10,243,000 after buying an additional 33,775 shares during the period. Victory Capital Management Inc. raised its stake in Lennox International by 30.1% during the 3rd quarter. Victory Capital Management Inc. now owns 120,149 shares of the construction company’s stock worth $32,754,000 after buying an additional 27,820 shares during the period. Riverbridge Partners LLC raised its stake in Lennox International by 10.1% during the 3rd quarter. Riverbridge Partners LLC now owns 102,261 shares of the construction company’s stock worth $27,877,000 after buying an additional 9,339 shares during the period. Handelsbanken Fonder AB acquired a new position in Lennox International during the 2nd quarter worth approximately $1,701,000. Finally, Dupont Capital Management Corp raised its stake in shares of Lennox International by 29.4% in the third quarter. Dupont Capital Management Corp now owns 26,658 shares of the construction company’s stock worth $7,267,000 after purchasing an additional 6,058 shares during the last quarter. 63.71% of the stock is currently owned by institutional investors and hedge funds.
About Lennox International
Lennox International Inc, through 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 Europe. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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