Lennox International (NYSE:LII) PT Raised to $360.00 at JPMorgan Chase & Co.

Lennox International (NYSE:LII) had its price target raised by JPMorgan Chase & Co. from $350.00 to $360.00 in a report released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the construction company’s stock.

Several other equities research analysts have also commented on LII. Royal Bank of Canada boosted their price target on shares of Lennox International from $392.00 to $414.00 and gave the company a sector perform rating in a report on Thursday, February 1st. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lennox International in a research report on Thursday, February 1st. They issued a buy rating and a $523.00 price objective on the stock. Mizuho lifted their price objective on shares of Lennox International from $490.00 to $540.00 and gave the stock a buy rating in a research report on Monday, April 1st. Finally, KeyCorp lifted their price objective on shares of Lennox International from $500.00 to $515.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Lennox International currently has an average rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Trading Up 0.3 %

NYSE:LII opened at $477.11 on Thursday. Lennox International has a one year low of $264.88 and a one year high of $501.72. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. The firm has a market cap of $16.99 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.34 and a beta of 1.02. The firm has a 50-day simple moving average of $472.39 and a 200-day simple moving average of $435.93.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Equities analysts anticipate that Lennox International will post 19.82 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio is presently 25.49%.

Insiders Place Their Bets

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by insiders.

Institutional Trading of Lennox International

Several institutional investors and hedge funds have recently bought and sold shares of LII. iA Global Asset Management Inc. acquired a new stake in Lennox International during the 3rd quarter valued at approximately $8,067,000. Eagle Asset Management Inc. acquired a new stake in Lennox International during the 4th quarter valued at approximately $5,795,000. DNB Asset Management AS acquired a new stake in Lennox International during the 4th quarter valued at approximately $5,393,000. Russell Investments Group Ltd. lifted its stake in Lennox International by 33.6% during the 4th quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after acquiring an additional 11,077 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Lennox International by 87.6% during the 4th quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock valued at $8,089,000 after acquiring an additional 8,441 shares during the period. 67.07% of the stock is currently 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. 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.