Lennox International (NYSE:LII) PT Raised to $250.00 at Wells Fargo & Co

Lennox International (NYSE:LII) had its price target lifted by equities research analysts at Wells Fargo & Co from $242.00 to $250.00 in a research report issued to clients and investors on Tuesday, April 23rd, The Fly reports. The firm currently has a “market perform” rating on the construction company’s stock. Wells Fargo & Co‘s target price indicates a potential downside of 9.60% from the company’s previous close.

LII has been the subject of several other research reports. Buckingham Research upped their price target on shares of Lennox International from $236.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Robert W. Baird lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and increased their target price for the company from $246.00 to $272.00 in a research report on Tuesday, April 16th. Cowen lowered shares of Lennox International from an “outperform” rating to a “market perform” rating and set a $276.36 target price for the company. in a research report on Tuesday, April 9th. Barclays raised their price objective on shares of Lennox International from $258.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Deutsche Bank initiated coverage on shares of Lennox International in a research report on Wednesday, March 13th. They set a “hold” rating and a $256.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $254.49.

Shares of NYSE LII traded up $2.39 during midday trading on Tuesday, hitting $276.54. The company had a trading volume of 395,236 shares, compared to its average volume of 391,810. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.98. Lennox International has a twelve month low of $177.36 and a twelve month high of $278.58.

Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, April 22nd. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.29. The company had revenue of $790.30 million during the quarter, compared to the consensus estimate of $748.63 million. Lennox International had a net margin of 10.17% and a negative return on equity of 261.35%. Lennox International’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 earnings per share. Research analysts forecast that Lennox International will post 12.32 earnings per share for the current fiscal year.

In other news, COO Terry L. Johnston sold 7,172 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $245.53, for a total value of $1,760,941.16. Following the sale, the chief operating officer now owns 27,131 shares in the company, valued at $6,661,474.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Terry L. Johnston sold 2,811 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $249.23, for a total transaction of $700,585.53. Following the completion of the sale, the chief operating officer now owns 26,298 shares in the company, valued at approximately $6,554,250.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,794 shares of company stock worth $8,707,980. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LII. Teachers Advisors LLC increased its position in Lennox International by 0.9% in the third quarter. Teachers Advisors LLC now owns 47,035 shares of the construction company’s stock worth $10,272,000 after purchasing an additional 430 shares during the period. Nordea Investment Management AB increased its position in Lennox International by 80.5% in the third quarter. Nordea Investment Management AB now owns 4,303 shares of the construction company’s stock worth $940,000 after purchasing an additional 1,919 shares during the period. Kepos Capital LP acquired a new stake in Lennox International in the third quarter worth about $2,338,000. Denali Advisors LLC acquired a new stake in Lennox International in the fourth quarter worth about $1,838,000. Finally, Cobiz Wealth LLC increased its position in Lennox International by 1.6% in the fourth quarter. Cobiz Wealth LLC now owns 37,510 shares of the construction company’s stock worth $8,209,000 after purchasing an additional 603 shares during the period. 70.47% of the stock is owned by institutional investors and hedge funds.

About Lennox International

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 and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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