Credit Suisse Group started coverage on shares of Lennox International (NYSE:LII) in a research report report published on Friday, Marketbeat reports. The firm issued an outperform rating and a $229.00 price target on the construction company’s stock.

A number of other brokerages have also issued reports on LII. Wolfe Research began coverage on shares of Lennox International in a report on Wednesday, June 27th. They set an underperform rating for the company. TheStreet raised shares of Lennox International from a c+ rating to a b rating in a report on Monday, July 23rd. Seaport Global Securities lowered shares of Lennox International from a buy rating to a neutral rating in a report on Tuesday, July 24th. They noted that the move was a valuation call. ValuEngine lowered shares of Lennox International from a buy rating to a hold rating in a report on Tuesday, October 2nd. Finally, Wells Fargo & Co increased their price objective on shares of Lennox International from $220.00 to $230.00 and gave the company a market perform rating in a report on Monday, July 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Lennox International currently has a consensus rating of Hold and an average target price of $221.50.

NYSE LII traded down $1.30 on Friday, reaching $197.20. 383,676 shares of the stock were exchanged, compared to its average volume of 320,084. Lennox International has a one year low of $178.12 and a one year high of $229.98. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.24 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.14 and a debt-to-equity ratio of -7.32.

Lennox International (NYSE:LII) last released its earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.11. Lennox International had a net margin of 8.15% and a negative return on equity of 750.65%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business earned $2.83 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Sell-side analysts forecast that Lennox International will post 9.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 27th. Lennox International’s dividend payout ratio (DPR) is currently 32.32%.

In other Lennox International news, EVP Gary S. Bedard sold 340 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $225.00, for a total transaction of $76,500.00. Following the completion of the sale, the executive vice president now directly owns 19,118 shares of the company’s stock, valued at approximately $4,301,550. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gary S. Bedard sold 240 shares of the stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $220.00, for a total transaction of $52,800.00. Following the sale, the executive vice president now directly owns 19,458 shares of the company’s stock, valued at $4,280,760. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,017 shares of company stock valued at $1,957,118. Insiders own 3.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC grew its holdings in shares of Lennox International by 354.7% in the second quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock valued at $126,000 after purchasing an additional 493 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Lennox International by 583.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock valued at $319,000 after purchasing an additional 1,359 shares in the last quarter. Lara May & Associates LLC purchased a new position in shares of Lennox International in the first quarter valued at $340,000. We Are One Seven LLC purchased a new position in shares of Lennox International in the third quarter valued at $364,000. Finally, Toronto Dominion Bank grew its holdings in shares of Lennox International by 43.6% in the second quarter. Toronto Dominion Bank now owns 3,695 shares of the construction company’s stock valued at $740,000 after purchasing an additional 1,122 shares in the last quarter. 68.39% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Analyst Recommendations for Lennox International (NYSE:LII)

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