Lennox International (NYSE:LII) Stock Gets Price Target Reduction from Royal Bank Of Canada

Lennox International (NYSE:LII) had its price target trimmed by Royal Bank Of Canada from $406.00 to $378.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a sector perform rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group downgraded Lennox International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $547.00 to $390.00 in a report on Wednesday, October 14th. Stephens lowered shares of Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price target for the company. in a research report on Thursday. Wells Fargo & Company decreased their price target on shares of Lennox International from $424.00 to $355.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Mizuho set a $350.00 price objective on shares of Lennox International in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $444.85.

Lennox International Stock Down 1.2%

LII stock opened at $344.09 on Thursday. Lennox International has a 52-week low of $322.00 and a 52-week high of $587.27. The company’s 50 day simple moving average is $368.34 and its 200-day simple moving average is $472.06. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.77. The firm has a market capitalization of $11.77 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.58 and a beta of 1.16.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the company posted $6.98 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Lennox International will post 21.37 EPS for the current year.

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 annualized dividend and a dividend yield of 1.6%. Lennox International’s payout ratio is presently 25.24%.

Hedge Funds Weigh In On Lennox International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC acquired a new position in shares of Lennox International in the third quarter valued at $269,000. Greenleaf Trust lifted its position in Lennox International by 34.9% in the third quarter. Greenleaf Trust now owns 739 shares of the construction company’s stock worth $262,000 after purchasing an additional 191 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Lennox International during the third quarter worth $3,092,000. ProShare Advisors LLC boosted its stake in Lennox International by 12.0% during the third quarter. ProShare Advisors LLC now owns 5,492 shares of the construction company’s stock worth $1,950,000 after buying an additional 589 shares in the last quarter. Finally, Vise Technologies Inc. boosted its stake in Lennox International by 416.6% during the third quarter. Vise Technologies Inc. now owns 4,536 shares of the construction company’s stock worth $1,610,000 after buying an additional 3,658 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

More Lennox International News

Here are the key news stories impacting Lennox International this week:

• Positive Sentiment: Third-quarter revenue increased 10.2% year over year to approximately $1.57 billion, while the Building Climate Solutions segment grew 24%, supporting commercial-market expansion. Lennox: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Lennox added smart thermostat energy-saving services, which could strengthen its connected-home offering and create additional recurring-service opportunities. Lennox International Adds Smart Thermostat Energy Saving Services
• Neutral Sentiment: BNP Paribas Exane lowered its price target from $450 to $350 and assigned a neutral rating. RBC also cut its target from $406 to $378 while maintaining a sector-perform view, indicating analysts see limited near-term upside despite the lower share price. BNP Paribas Exane Lennox Rating
• Negative Sentiment: Lennox reported adjusted earnings of $6.84 per share, below the $7.29 analyst consensus and down from $6.98 a year earlier. The earnings miss, along with lower guidance and margin pressure, weakened investor confidence. Lennox Downgraded at Oppenheimer
• Negative Sentiment: Oppenheimer downgraded LII to perform from outperform, while Stephens moved to equal weight and Wells Fargo cut its target from $424 to $355. Analysts cited inflation, competition and a slower-than-expected recovery, contributing to the stock’s move below its 50-day moving average and new one-year low. Lennox Stock Price Crosses Below 50-Day Moving Average

Lennox International Company Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.