Brokerages Set Lennox International, Inc. (NYSE:LII) Price Target at $575.46

Shares of Lennox International, Inc. (NYSE:LII) have been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $575.4615.

A number of brokerages recently commented on LII. Wells Fargo & Company increased their price target on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Oppenheimer increased their price objective on shares of Lennox International from $630.00 to $645.00 and gave the stock an “outperform” rating in a research report on Thursday, March 5th. William Blair reissued an “outperform” rating on shares of Lennox International in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price objective on shares of Lennox International from $485.00 to $579.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Lennox International from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th.

Lennox International Stock Up 1.1%

Shares of NYSE:LII opened at $513.91 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. Lennox International has a 12 month low of $434.06 and a 12 month high of $689.44. The company has a 50-day moving average price of $495.26 and a 200 day moving average price of $504.58. The company has a market cap of $17.88 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.94 and a beta of 1.18.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.19. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $3.63 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. As a group, equities research analysts predict that Lennox International will post 24.35 earnings per share for the current year.

Lennox International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.36 dividend. This is an increase from Lennox International’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $5.44 dividend on an annualized basis and a yield of 1.1%. Lennox International’s dividend payout ratio is currently 23.40%.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 971 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $544.80, for a total value of $529,000.80. Following the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at $593,832. This represents a 47.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.80% of the stock is owned by company insiders.

Institutional Trading of Lennox International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Lennox International by 296.0% during the second quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after acquiring an additional 53,679 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Lennox International during the third quarter worth approximately $20,847,000. Campbell Newman Asset Management Inc. purchased a new position in shares of Lennox International during the first quarter worth approximately $17,555,000. SG Americas Securities LLC increased its position in shares of Lennox International by 78.0% during the first quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock worth $26,361,000 after acquiring an additional 24,893 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Lennox International by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock worth $98,835,000 after acquiring an additional 18,901 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 is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.