Lennox International (LII) Coverage Initiated by Analysts at Deutsche Bank
Deutsche Bank assumed coverage on shares of Lennox International (NYSE:LII) in a research report released on Wednesday morning, Marketbeat reports. The firm issued a hold rating and a $256.00 price objective on the construction company’s stock.
A number of other research analysts have also recently commented on LII. Goldman Sachs Group began coverage on Lennox International in a research note on Tuesday, March 5th. They issued a neutral rating and a $236.00 target price for the company. Stephens began coverage on Lennox International in a research note on Monday, November 19th. They issued an equal weight rating and a $229.00 target price for the company. Credit Suisse Group raised their target price on Lennox International from $234.00 to $253.00 and gave the company an outperform rating in a research note on Wednesday, February 6th. Wells Fargo & Co raised their target price on Lennox International from $230.00 to $242.00 and gave the company a market perform rating in a research note on Wednesday, February 6th. Finally, Barclays restated a buy rating and issued a $232.00 target price on shares of Lennox International in a research note on Thursday, December 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $229.17.
NYSE LII opened at $250.15 on Wednesday. Lennox International has a fifty-two week low of $177.36 and a fifty-two week high of $251.41. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.02%. Lennox International’s payout ratio is 27.18%.
In other Lennox International news, COO Douglas L. Young sold 7,871 shares of Lennox International stock in a transaction on Friday, February 15th. The stock was sold at an average price of $246.48, for a total transaction of $1,940,044.08. Following the completion of the transaction, the chief operating officer now owns 68,289 shares in the company, valued at $16,831,872.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Terry L. Johnston sold 7,172 shares of Lennox International 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 transaction, the chief operating officer now owns 27,131 shares of the company’s stock, valued at approximately $6,661,474.43. The disclosure for this sale can be found here. Insiders have sold 20,993 shares of company stock valued at $5,153,690 in the last quarter. 3.90% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Lennox International in the 4th quarter worth $81,876,000. Canada Pension Plan Investment Board increased its holdings in shares of Lennox International by 8,333.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 50,600 shares of the construction company’s stock worth $11,051,000 after purchasing an additional 50,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Lennox International by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 344,708 shares of the construction company’s stock worth $75,392,000 after purchasing an additional 26,780 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Lennox International by 33.0% in the 4th quarter. Rhumbline Advisers now owns 102,468 shares of the construction company’s stock worth $22,426,000 after purchasing an additional 25,438 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of Lennox International by 4.1% in the 4th quarter. Impax Asset Management Group plc now owns 281,838 shares of the construction company’s stock worth $61,683,000 after purchasing an additional 11,137 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.
About Lennox International
Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, 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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