Barclays assumed coverage on shares of Lennox International (NYSE:LII) in a report released on Thursday. The firm set an “overweight” rating and a $233.00 price target on the construction company’s stock. Barclays’ target price indicates a potential upside of 13.25% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Cowen restated a “buy” rating and issued a $210.00 price target on shares of Lennox International in a report on Wednesday, November 29th. Robert W. Baird restated a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Stifel Nicolaus restated a “hold” rating and issued a $207.00 price target (up previously from $193.00) on shares of Lennox International in a report on Monday, December 11th. Wells Fargo & Co restated a “market perform” rating and issued a $210.00 price target (up previously from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. Finally, Credit Suisse Group restated a “neutral” rating and issued a $180.00 price target (up previously from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $205.38.
Lennox International (NYSE LII) opened at $205.74 on Thursday. The firm has a market capitalization of $8,510.58, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. Lennox International has a fifty-two week low of $160.18 and a fifty-two week high of $223.05. The company has a debt-to-equity ratio of 19.37, a current ratio of 1.74 and a quick ratio of 1.00.
Lennox International (NYSE:LII) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. The firm had revenue of $891.80 million during the quarter, compared to analysts’ expectations of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. Lennox International’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. equities analysts forecast that Lennox International will post 10.18 earnings per share for the current year.
Lennox International declared that its board has approved a stock buyback plan on Wednesday, December 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other news, insider Gary S. Bedard sold 369 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $204.47, for a total transaction of $75,449.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $210.95, for a total value of $2,721,465.95. Following the transaction, the chairman now owns 183,360 shares of the company’s stock, valued at $38,679,792. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,689 shares of company stock valued at $5,897,885. Company insiders own 3.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Advisor Partners LLC purchased a new position in shares of Lennox International during the 4th quarter valued at approximately $216,000. Achmea Investment Management B.V. purchased a new position in shares of Lennox International during the 2nd quarter valued at approximately $239,000. Toronto Dominion Bank boosted its stake in shares of Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after buying an additional 1,146 shares during the last quarter. We Are One Seven LLC purchased a new position in shares of Lennox International during the 4th quarter valued at approximately $409,000. Finally, Paloma Partners Management Co purchased a new position in shares of Lennox International during the 4th quarter valued at approximately $577,000. Institutional investors own 68.56% of the company’s stock.
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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.
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