Lennox International, Inc. (LII) Price Target Raised to $193.00 at Wells Fargo & Company

Lennox International, Inc. (NYSE:LII) had its price objective lifted by Wells Fargo & Company from $190.00 to $193.00 in a research note issued to investors on Friday. They currently have a market perform rating on the construction company’s stock.

A number of other research firms also recently commented on LII. Cowen and Company increased their target price on Lennox International from $172.00 to $200.00 and gave the company a buy rating in a research report on Tuesday, June 27th. BidaskClub upgraded Lennox International from a hold rating to a buy rating in a research report on Thursday, June 15th. Wolfe Research assumed coverage on Lennox International in a research report on Tuesday, July 11th. They set a market perform rating for the company. Cleveland Research assumed coverage on Lennox International in a research report on Tuesday. They set a neutral rating for the company. Finally, Morgan Stanley increased their target price on Lennox International from $161.00 to $166.00 and gave the company an underweight rating in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $178.83.

Shares of Lennox International (LII) traded up 1.54% during midday trading on Friday, reaching $184.32. 422,528 shares of the company’s stock traded hands. The firm has a market capitalization of $7.77 billion, a PE ratio of 26.55 and a beta of 1.15. The stock’s 50-day moving average price is $169.40 and its 200 day moving average price is $173.24. Lennox International has a one year low of $140.97 and a one year high of $192.58.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $2.53 EPS. On average, equities research analysts expect that Lennox International will post $7.92 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Lennox International, Inc. (LII) Price Target Raised to $193.00 at Wells Fargo & Company” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://ledgergazette.com/2017/10/07/lennox-international-inc-lii-price-target-raised-to-193-00-at-wells-fargo-company.html.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. Lennox International’s dividend payout ratio is presently 29.35%.

In related news, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the completion of the sale, the executive vice president now directly owns 112,408 shares in the company, valued at $19,272,351.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the sale, the vice president now owns 1,379 shares of the company’s stock, valued at $239,270.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,216 shares of company stock valued at $2,431,048. 3.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Achmea Investment Management B.V. bought a new stake in Lennox International in the second quarter worth $239,000. State Street Corp lifted its position in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after buying an additional 128,170 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after buying an additional 28 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Lennox International by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock worth $12,366,000 after buying an additional 3,580 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Lennox International by 2.5% in the second quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock w

A number of other research firms also recently commented on LII. Cowen and Company increased their target price on Lennox International from $172.00 to $200.00 and gave the company a buy rating in a research report on Tuesday, June 27th. BidaskClub upgraded Lennox International from a hold rating to a buy rating in a research report on Thursday, June 15th. Wolfe Research assumed coverage on Lennox International in a research report on Tuesday, July 11th. They set a market perform rating for the company. Cleveland Research assumed coverage on Lennox International in a research report on Tuesday. They set a neutral rating for the company. Finally, Morgan Stanley increased their target price on Lennox International from $161.00 to $166.00 and gave the company an underweight rating in a research report on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $178.83.

Shares of Lennox International (LII) traded up 1.54% during midday trading on Friday, reaching $184.32. 422,528 shares of the company’s stock traded hands. The firm has a market capitalization of $7.77 billion, a PE ratio of 26.55 and a beta of 1.15. The stock’s 50-day moving average price is $169.40 and its 200 day moving average price is $173.24. Lennox International has a one year low of $140.97 and a one year high of $192.58.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $2.53 EPS. On average, equities research analysts expect that Lennox International will post $7.92 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Lennox International, Inc. (LII) Price Target Raised to $193.00 at Wells Fargo & Company” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://ledgergazette.com/2017/10/07/lennox-international-inc-lii-price-target-raised-to-193-00-at-wells-fargo-company.html.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.11%. Lennox International’s dividend payout ratio is presently 29.35%.

In related news, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the completion of the sale, the executive vice president now directly owns 112,408 shares in the company, valued at $19,272,351.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the sale, the vice president now owns 1,379 shares of the company’s stock, valued at $239,270.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,216 shares of company stock valued at $2,431,048. 3.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Achmea Investment Management B.V. bought a new stake in Lennox International in the second quarter worth $239,000. State Street Corp lifted its position in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after buying an additional 128,170 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in Lennox International by 4.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after buying an additional 28 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Lennox International by 5.6% in the second quarter. Parametric Portfolio Associates LLC now owns 67,340 shares of the construction company’s stock worth $12,366,000 after buying an additional 3,580 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Lennox International by 2.5% in the second quarter. California Public Employees Retirement System now owns 148,000 shares of the construction company’s stock worth $27,179,000 after buying an additional 3,600 shares during the last quarter. Institutional investors own 68.33% of the company’s stock.

Lennox International Company Profile

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

Analyst Recommendations for Lennox International (NYSE:LII)

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