Lennox International, Inc. (LII) Stock Rating Reaffirmed by Cowen and Company

Lennox International, Inc. (NYSE:LII)‘s stock had its “buy” rating reiterated by equities researchers at Cowen and Company in a report issued on Monday. They currently have a $190.00 price target on the construction company’s stock. Cowen and Company’s price objective points to a potential upside of 5.38% from the company’s current price.

The analysts wrote, “Q3 EPS netted above Street estimates that had dropped materially post the Sept.””

A number of other equities analysts have also recently commented on LII. BidaskClub cut shares of Lennox International from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Morgan Stanley reissued an “underweight” rating and issued a $161.00 price objective (down from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and issued a $187.00 price objective on shares of Lennox International in a research note on Thursday, October 12th. Wolfe Research assumed coverage on shares of Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Cleveland Research assumed coverage on shares of Lennox International in a research note on Tuesday, October 3rd. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $182.20.

Lennox International (NYSE:LII) traded up 7.618% during mid-day trading on Monday, reaching $194.035. 322,689 shares of the company’s stock traded hands. The stock has a market capitalization of $8.18 billion, a PE ratio of 27.951 and a beta of 1.15. The stock has a 50-day moving average price of $174.51 and a 200-day moving average price of $174.11. Lennox International has a 12-month low of $140.97 and a 12-month high of $194.32.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company posted $2.53 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Lennox International will post $7.85 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC lifted its holdings in Lennox International by 114.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after buying an additional 300 shares in the last quarter. Huntington National Bank lifted its holdings in Lennox International by 16.7% during the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after buying an additional 81 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after buying an additional 28 shares in the last quarter. Calamos Advisors LLC bought a new stake in Lennox International during the 2nd quarter valued at about $213,000. Finally, Achmea Investment Management B.V. bought a new stake in Lennox International during the 2nd quarter valued at about $239,000. Institutional investors own 68.23% of the company’s stock.

About Lennox International

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)

Analyst Recommendations for Lennox International (NYSE:LII)

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