Several other research analysts have also recently weighed in on LII. JPMorgan Chase & Co. cut shares of Lennox International from a neutral rating to an underweight rating and dropped their price target for the stock from $370.00 to $330.00 in a research note on Thursday, February 1st. Mizuho upgraded shares of Lennox International from a neutral rating to a buy rating and lifted their price target for the stock from $340.00 to $460.00 in a research note on Tuesday, October 17th. TD Cowen lifted their target price on shares of Lennox International from $410.00 to $450.00 and gave the company an outperform rating in a research note on Tuesday, December 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lennox International in a research note on Thursday, February 1st. They set a buy rating and a $523.00 target price on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Lennox International from $410.00 to $491.00 and gave the company an overweight rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $445.00.
Lennox International Stock Down 1.5 %
Lennox International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, December 28th. Lennox International’s payout ratio is currently 26.60%.
Insiders Place Their Bets
In other Lennox International news, EVP Gary S. Bedard sold 968 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $428.05, for a total transaction of $414,352.40. Following the completion of the transaction, the executive vice president now owns 20,148 shares in the company, valued at approximately $8,624,351.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.83% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Lennox International
Several hedge funds have recently modified their holdings of LII. Geode Capital Management LLC raised its holdings in Lennox International by 5.1% in the second quarter. Geode Capital Management LLC now owns 515,049 shares of the construction company’s stock valued at $167,691,000 after buying an additional 24,870 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of Lennox International during the third quarter valued at approximately $8,067,000. Comerica Bank bought a new stake in shares of Lennox International in the second quarter worth $55,070,000. BNP Paribas Arbitrage SNC boosted its holdings in Lennox International by 151.5% in the first quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company’s stock worth $6,946,000 after purchasing an additional 16,653 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Lennox International in the fourth quarter worth $5,795,000. 67.85% of the stock is owned by institutional investors and hedge funds.
About Lennox International
Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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