Royal Bank of Canada Boosts Lennox International (NYSE:LII) Price Target to $510.00

Lennox International (NYSE:LII) had its price objective upped by Royal Bank of Canada from $481.00 to $510.00 in a report issued on Thursday, Benzinga reports. They currently have a sector perform rating on the construction company’s stock.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company cut their price target on shares of Lennox International from $545.00 to $520.00 and set an overweight rating on the stock in a report on Thursday. Barclays increased their price objective on shares of Lennox International from $450.00 to $500.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Mizuho increased their price objective on shares of Lennox International from $490.00 to $540.00 and gave the company a buy rating in a research report on Monday, April 1st. TD Cowen increased their price objective on shares of Lennox International from $450.00 to $505.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Lennox International in a research report on Thursday, February 1st. They set a buy rating and a $523.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $482.31.

Lennox International Stock Performance

Lennox International stock opened at $477.11 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. The company has a market capitalization of $16.99 billion, a PE ratio of 27.64, a P/E/G ratio of 2.34 and a beta of 1.02. The firm has a fifty day simple moving average of $472.39 and a two-hundred day simple moving average of $435.93. Lennox International has a twelve month low of $264.88 and a twelve month high of $501.72.

Lennox International (NYSE:LII) last issued 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. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Research analysts expect that Lennox International will post 19.82 EPS for the current year.

Lennox International Announces Dividend

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

Insider Activity

In other news, EVP Gary S. Bedard sold 1,849 shares of the firm’s 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 sale, the executive vice president now directly owns 20,465 shares in the company, valued at approximately $9,692,019.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Gary S. Bedard sold 1,849 shares of the firm’s 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 transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s 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 transaction, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The disclosure for this sale can be found here. Insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

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

Lennox International Company Profile

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.