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Lennox International Inc. (NYSE:LII) Given Average Rating of "Hold" by Brokerages

Defense World · Sep 23, 2022 02:41

Lennox International Inc. (NYSE:LII – Get Rating) has been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $244.40.

LII has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of Lennox International from $255.00 to $268.00 and gave the company an "equal weight" rating in a research report on Thursday, September 1st. Credit Suisse Group set a $210.00 price objective on shares of Lennox International in a research note on Tuesday, July 19th. Cowen raised shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research note on Friday, July 8th. The Goldman Sachs Group reduced their price objective on shares of Lennox International from $248.00 to $190.00 and set a "sell" rating on the stock in a research note on Thursday, June 23rd. Finally, Mizuho reduced their price objective on shares of Lennox International from $225.00 to $210.00 and set an "underperform" rating on the stock in a research note on Monday, July 18th.

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Lennox International Stock Performance

Shares of NYSE LII opened at $223.76 on Friday. Lennox International has a 52-week low of $182.85 and a 52-week high of $334.78. The firm has a 50 day moving average price of $243.96 and a two-hundred day moving average price of $233.34. The stock has a market cap of $7.93 billion, a P/E ratio of 17.31 and a beta of 0.93.

Lennox International (NYSE:LII – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The construction company reported $5.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.26. Lennox International had a net margin of 10.69% and a negative return on equity of 134.81%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the company posted $4.57 EPS. The company's revenue was up 10.3% on a year-over-year basis. Analysts predict that Lennox International will post 14.23 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $1.06 per share. The ex-dividend date was Tuesday, August 30th. This represents a $4.24 annualized dividend and a yield of 1.89%. Lennox International's payout ratio is presently 32.79%.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 400 shares of Lennox International stock in a transaction on Friday, August 12th. The shares were sold at an average price of $261.11, for a total value of $104,444.00. Following the transaction, the chief accounting officer now directly owns 1,897 shares of the company's stock, valued at $495,325.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Daniel M. Sessa sold 2,213 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $243.40, for a total transaction of $538,644.20. Following the sale, the executive vice president now owns 44,156 shares in the company, valued at approximately $10,747,570.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Chris Kosel sold 400 shares of the business's stock in a transaction on Friday, August 12th. The shares were sold at an average price of $261.11, for a total transaction of $104,444.00. Following the sale, the chief accounting officer now owns 1,897 shares in the company, valued at approximately $495,325.67. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Lennox International

Hedge funds have recently bought and sold shares of the business. Impax Asset Management Group plc boosted its position in shares of Lennox International by 7.0% during the 4th quarter. Impax Asset Management Group plc now owns 535,633 shares of the construction company's stock valued at $173,151,000 after acquiring an additional 35,026 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lennox International by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 468,286 shares of the construction company's stock worth $151,681,000 after acquiring an additional 4,202 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Lennox International by 22.7% during the second quarter. UBS Asset Management Americas Inc. now owns 194,141 shares of the construction company's stock worth $40,108,000 after purchasing an additional 35,933 shares during the period. Millennium Management LLC raised its position in Lennox International by 49.1% during the fourth quarter. Millennium Management LLC now owns 157,171 shares of the construction company's stock valued at $50,980,000 after acquiring an additional 51,781 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Lennox International by 7.7% in the second quarter. Rhumbline Advisers now owns 97,026 shares of the construction company's stock valued at $20,045,000 after buying an additional 6,929 shares in the last quarter. Hedge funds and other institutional investors own 63.92% of the company's stock.

Lennox International Company Profile

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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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.