Deutsche Bank Aktiengesellschaft Increases Lennox International (NYSE:LII) Price Target to $347.00


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Lennox International (NYSE:LII) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $310.00 to $347.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the construction company’s stock.

LII has been the topic of a number of other reports. Morgan Stanley increased their price target on shares of Lennox International from $258.00 to $280.00 and gave the stock an underweight rating in a report on Tuesday, April 27th. Credit Suisse Group increased their price target on shares of Lennox International from $286.00 to $308.00 and gave the stock an underperform rating in a report on Monday. Jefferies Financial Group increased their price target on shares of Lennox International from $295.00 to $300.00 and gave the stock a hold rating in a report on Friday, January 15th. Finally, Barclays increased their price target on shares of Lennox International from $315.00 to $340.00 and gave the stock an equal weight rating in a report on Tuesday, April 27th. Three equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $281.42.

NYSE LII opened at $339.98 on Monday. The company has a market cap of $12.84 billion, a PE ratio of 36.64 and a beta of 0.81. Lennox International has a 52 week low of $173.24 and a 52 week high of $348.25. The firm’s 50-day simple moving average is $322.57 and its two-hundred day simple moving average is $294.04.

Lennox International (NYSE:LII) last released its quarterly earnings data on Sunday, April 25th. The construction company reported $2.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.98. The business had revenue of $930.50 million for the quarter, compared to the consensus estimate of $788.99 million. Lennox International had a net margin of 9.95% and a negative return on equity of 176.45%. The company’s revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, equities research analysts expect that Lennox International will post 9.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, March 30th. Lennox International’s payout ratio is currently 27.52%.

In other Lennox International news, COO Elliot S. Zimmer sold 357 shares of the stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $292.80, for a total transaction of $104,529.60. Following the transaction, the chief operating officer now directly owns 1,792 shares in the company, valued at $524,697.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Douglas L. Young sold 3,556 shares of the firm’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $341.77, for a total transaction of $1,215,334.12. Following the completion of the transaction, the chief operating officer now owns 70,915 shares in the company, valued at approximately $24,236,619.55. The disclosure for this sale can be found here. Insiders have sold 24,557 shares of company stock worth $7,768,579 over the last quarter. Company insiders own 3.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. New England Research & Management Inc. purchased a new stake in Lennox International in the first quarter worth $452,000. Campbell & CO Investment Adviser LLC lifted its stake in Lennox International by 216.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 2,486 shares of the construction company’s stock worth $681,000 after acquiring an additional 1,700 shares during the period. Nixon Capital LLC purchased a new stake in Lennox International in the fourth quarter worth $3,534,000. California Public Employees Retirement System lifted its stake in Lennox International by 4.7% in the fourth quarter. California Public Employees Retirement System now owns 83,392 shares of the construction company’s stock worth $22,847,000 after acquiring an additional 3,726 shares during the period. Finally, FDx Advisors Inc. lifted its stake in Lennox International by 16.8% in the fourth quarter. FDx Advisors Inc. now owns 3,436 shares of the construction company’s stock worth $941,000 after acquiring an additional 493 shares during the period. Hedge funds and other institutional investors own 66.33% of the company’s stock.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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Analyst Recommendations for Lennox International (NYSE:LII)

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