Lennox International (NYSE:LII) Now Covered by Analysts at Wells Fargo & Company

Equities research analysts at Wells Fargo & Company assumed coverage on shares of Lennox International (NYSE:LII) in a note issued to investors on Friday, Briefing.com reports. The brokerage set an “equal weight” rating and a $424.00 price target on the construction company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 15.17% from the stock’s current price.

LII has been the subject of several other reports. The Goldman Sachs Group reduced their price objective on Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a report on Friday, July 31st. Morgan Stanley dropped their price target on shares of Lennox International from $450.00 to $375.00 and set an “underweight” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings lowered shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada decreased their price objective on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lennox International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $609.00 to $444.00 in a report on Monday, September 14th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $522.85.

Lennox International Stock Performance

LII stock opened at $368.16 on Friday. The stock has a market capitalization of $12.72 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.47 and a beta of 1.18. Lennox International has a 12-month low of $350.22 and a 12-month high of $587.27. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock’s 50 day simple moving average is $420.02 and its 200 day simple moving average is $477.46.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping analysts’ consensus estimates of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company earned $7.82 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, research analysts forecast that Lennox International will post 23.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC bought a new position in shares of Lennox International in the second quarter worth approximately $239,217,000. Jefferies Financial Group Inc. bought a new stake in shares of Lennox International during the 2nd quarter valued at $3,644,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lennox International during the 2nd quarter valued at $10,596,000. Capstone Investment Advisors LLC purchased a new position in shares of Lennox International during the 2nd quarter valued at $2,991,000. Finally, Legal & General Group Plc purchased a new stake in Lennox International in the 2nd quarter worth $54,927,000. 67.07% of the stock is currently owned by institutional investors.

About Lennox International

Lennox International Inc (NYSE:LII) designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.