Lennox International’s (LII) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Lennox International (NYSE:LII) in a research note issued to investors on Friday morning,Benzinga reports. Stephens currently has a $750.00 target price on the construction company’s stock.

LII has been the topic of several other reports. Northcoast Research started coverage on shares of Lennox International in a report on Friday, November 22nd. They set a “sell” rating and a $475.00 price target on the stock. Morgan Stanley started coverage on shares of Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target on the stock. UBS Group lifted their price target on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada lifted their price target on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Finally, Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $614.62.

Lennox International Price Performance

LII stock opened at $607.22 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. Lennox International has a 12 month low of $445.63 and a 12 month high of $682.50. The firm has a market cap of $21.60 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.36 and a beta of 1.10. The company’s 50-day moving average price is $616.93 and its two-hundred day moving average price is $614.53.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, analysts anticipate that Lennox International will post 22.94 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its holdings in Lennox International by 3.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock worth $415,000 after buying an additional 20 shares during the last quarter. Huntington National Bank raised its holdings in shares of Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares during the last quarter. Tilia Fiduciary Partners Inc. raised its holdings in shares of Lennox International by 0.7% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 4,628 shares of the construction company’s stock valued at $2,820,000 after purchasing an additional 30 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock valued at $60,000 after purchasing an additional 33 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International in the third quarter valued at about $27,000. 67.07% of the stock is owned by institutional investors.

Lennox International Company Profile

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. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.