Lennox International, Inc. (LII) Now Covered by Analysts at Cleveland Research
Analysts at Cleveland Research began coverage on shares of Lennox International, Inc. (NYSE:LII) in a research note issued to investors on Tuesday. The brokerage set a “neutral” rating on the construction company’s stock.
A number of other brokerages also recently weighed in on LII. Wolfe Research initiated coverage on Lennox International in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating on shares of Lennox International in a research report on Tuesday, July 25th. Morgan Stanley boosted their price objective on shares of Lennox International from $161.00 to $166.00 and gave the company an “underweight” rating in a research report on Monday, September 25th. BidaskClub lowered shares of Lennox International from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $190.00 target price (up previously from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Lennox International has a consensus rating of “Hold” and a consensus target price of $178.33.
Lennox International (NYSE LII) traded down 0.56% on Tuesday, reaching $178.01. 101,851 shares of the company were exchanged. The stock has a 50-day moving average price of $167.74 and a 200 day moving average price of $172.97. Lennox International has a 52 week low of $140.97 and a 52 week high of $192.58. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 25.64 and a beta of 1.15.
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, topping the consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that Lennox International will post $7.94 earnings per share for the current year.
In other Lennox International news, VP Chris Kosel sold 357 shares of the business’s stock in a transaction on 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 owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the transaction, the chairman now directly owns 181,410 shares of the company’s stock, valued at approximately $30,975,757.50. The disclosure for this sale can be found here. Insiders sold 14,094 shares of company stock valued at $2,409,181 in the last ninety days. Insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Lennox International in the 2nd quarter worth approximately $20,855,000. Quantitative Investment Management LLC increased its position in Lennox International by 124.9% in the 2nd quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock worth $21,926,000 after buying an additional 66,300 shares during the period. Hilton Capital Management LLC bought a new position in Lennox International in the 2nd quarter worth approximately $10,777,000. Finally, UBS Asset Management Americas Inc. increased its position in Lennox International by 176.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 75,947 shares of the construction company’s stock worth $13,947,000 after buying an additional 48,486 shares during the period. 68.33% of the stock is owned by institutional investors and hedge funds.
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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