Lennox International (NYSE:LII) PT Lowered to $207.00 at Morgan Stanley

Lennox International (NYSE:LII) had its price target reduced by Morgan Stanley from $210.00 to $207.00 in a research report report published on Friday, AnalystRatings.com reports. They currently have an underweight rating on the construction company’s stock.

LII has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $215.00 to $225.00 and gave the company an underweight rating in a report on Thursday. Buckingham Research reduced their price target on shares of Lennox International from $260.00 to $244.00 and set a neutral rating on the stock in a report on Tuesday, October 8th. Goldman Sachs Group reduced their price target on shares of Lennox International from $256.00 to $230.00 in a report on Monday, September 23rd. Cowen reiterated a hold rating and issued a $270.00 price target on shares of Lennox International in a report on Friday, June 28th. Finally, Barclays lifted their price target on shares of Lennox International from $291.00 to $293.00 and gave the company an overweight rating in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Lennox International presently has a consensus rating of Hold and a consensus price target of $250.42.

Shares of LII traded up $2.99 during trading hours on Friday, reaching $241.16. 14,734 shares of the stock traded hands, compared to its average volume of 346,646. Lennox International has a 52-week low of $177.36 and a 52-week high of $298.49. The company’s 50-day moving average price is $242.57 and its two-hundred day moving average price is $263.76. The company has a market cap of $9.22 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 1.01 and a beta of 0.90.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, July 22nd. The construction company reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.41). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. Lennox International had a net margin of 9.66% and a negative return on equity of 244.79%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.67 earnings per share. Equities research analysts expect that Lennox International will post 11.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.28%. Lennox International’s dividend payout ratio (DPR) is presently 32.70%.

In related news, Chairman Todd M. Bluedorn sold 8,445 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $257.17, for a total transaction of $2,171,800.65. Following the transaction, the chairman now directly owns 111,165 shares in the company, valued at approximately $28,588,303.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul W. Schmidt sold 500 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $256.51, for a total transaction of $128,255.00. Following the transaction, the director now owns 1,894 shares in the company, valued at $485,829.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,930 shares of company stock worth $2,846,432. Insiders own 3.40% of the company’s stock.

A number of large investors have recently modified their holdings of LII. Harvest Fund Management Co. Ltd bought a new position in Lennox International during the 2nd quarter valued at about $82,000. Meeder Asset Management Inc. bought a new position in Lennox International during the 2nd quarter valued at about $98,000. Private Capital Group LLC grew its holdings in Lennox International by 5.8% during the 2nd quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock valued at $170,000 after purchasing an additional 46 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Lennox International during the 2nd quarter valued at about $232,000. Finally, Cleararc Capital Inc. bought a new position in Lennox International during the 1st quarter valued at about $244,000. Institutional investors own 71.05% 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 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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Analyst Recommendations for Lennox International (NYSE:LII)

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