UBS AG Boosts Lennox International, Inc. (LII) Price Target to $175.00
Lennox International, Inc. (NYSE:LII) had its price objective upped by UBS AG from $170.00 to $175.00 in a research report report published on Wednesday, www.benzinga.com reports. UBS AG currently has a neutral rating on the construction company’s stock.
A number of other research firms have also commented on LII. Wells Fargo & Company reissued a market perform rating and issued a $190.00 price target (up from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Cowen and Company reaffirmed a buy rating on shares of Lennox International in a research report on Monday, July 24th. Wolfe Research began coverage on Lennox International in a research report on Tuesday, July 11th. They set a market perform rating for the company. BidaskClub raised Lennox International from a hold rating to a buy rating in a research report on Thursday, June 15th. Finally, TheStreet lowered Lennox International from a b rating to a c+ rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $176.71.
Lennox International (NYSE LII) traded down 0.62% during trading on Wednesday, reaching $171.02. 370,663 shares of the company’s stock were exchanged. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 24.64 and a beta of 1.16. Lennox International has a 12 month low of $140.97 and a 12 month high of $192.58. The firm’s 50-day moving average price is $183.38 and its 200-day moving average price is $170.36.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. Lennox International’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 EPS. On average, equities research analysts anticipate that Lennox International will post $8.01 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 annualized dividend and a dividend yield of 1.19%. Lennox International’s dividend payout ratio (DPR) is currently 29.35%.
In other news, Director John W. Norris III sold 1,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $167.66, for a total transaction of $167,660.00. Following the completion of the transaction, the director now owns 50,001 shares in the company, valued at approximately $8,383,167.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new position in Lennox International during the first quarter valued at $2,941,000. UBS Asset Management Americas Inc. increased its position in Lennox International by 37.2% in the first quarter. UBS Asset Management Americas Inc. now owns 27,461 shares of the construction company’s stock valued at $4,594,000 after buying an additional 7,444 shares during the last quarter. World Asset Management Inc increased its position in Lennox International by 14.1% in the first quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock valued at $456,000 after buying an additional 336 shares during the last quarter. Dorsey Wright & Associates increased its position in Lennox International by 9.5% in the first quarter. Dorsey Wright & Associates now owns 21,714 shares of the construction company’s stock valued at $3,633,000 after buying an additional 1,881 shares during the last quarter. Finally, US Bancorp DE increased its position in Lennox International by 0.5% in the first quarter. US Bancorp DE now owns 27,610 shares of the construction company’s stock valued at $4,619,000 after buying an additional 147 shares during the last quarter. Institutional investors own 68.63% of the company’s stock.
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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