Lennox International (NYSE:LII) Given New $520.00 Price Target at Wells Fargo & Company

Lennox International (NYSE:LII) had its target price cut by Wells Fargo & Company from $545.00 to $520.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a research report on Thursday, February 1st. They set a buy rating and a $523.00 target price on the stock. Mizuho boosted their target price on Lennox International from $490.00 to $540.00 and gave the stock a buy rating in a research report on Monday, April 1st. TD Cowen upped their price target on Lennox International from $450.00 to $505.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. Royal Bank of Canada increased their target price on Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a report on Thursday, February 1st. Finally, StockNews.com cut Lennox International from a buy rating to a hold rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $482.31.

Lennox International Stock Performance

Shares of Lennox International stock traded up $5.82 on Thursday, hitting $481.32. The stock had a trading volume of 100,184 shares, compared to its average volume of 271,275. Lennox International has a 52-week low of $264.88 and a 52-week high of $501.72. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. The stock has a market cap of $17.14 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.31 and a beta of 1.02. The company’s 50 day moving average price is $471.81 and its 200 day moving average price is $434.88.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. On average, research analysts anticipate that Lennox International will post 19.66 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.91%. Lennox International’s dividend payout ratio (DPR) is presently 25.49%.

Insider Buying and Selling

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction on Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

Institutional Trading of Lennox International

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in Lennox International by 105.3% in the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock valued at $3,035,000 after purchasing an additional 3,478 shares in the last quarter. Naples Money Management LLC acquired a new stake in shares of Lennox International during the 4th quarter worth about $1,588,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Lennox International by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock worth $30,026,000 after buying an additional 1,653 shares during the last quarter. Forsta AP Fonden lifted its stake in shares of Lennox International by 11.8% during the 3rd quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after buying an additional 2,400 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in Lennox International in the 3rd quarter worth about $8,067,000. 67.07% of the stock is owned by institutional investors.

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. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.