Robert W. Baird Trims Lennox International (NYSE:LII) Target Price to $228.00

Lennox International (NYSE:LII) had its price objective cut by Robert W. Baird from $232.00 to $228.00 in a research report issued to clients and investors on Wednesday, February 7th. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential upside of 10.44% from the company’s previous close.

Several other research analysts also recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a $215.00 price objective (down previously from $230.00) on shares of Lennox International in a research note on Wednesday, February 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $198.00 price objective on shares of Lennox International in a research note on Friday, January 19th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Cowen reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Lennox International in a research note on Wednesday, November 29th. Finally, Morgan Stanley increased their target price on shares of Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $205.38.

Shares of Lennox International (NYSE:LII) traded up $2.71 during midday trading on Wednesday, reaching $206.44. The company’s stock had a trading volume of 77,241 shares, compared to its average volume of 298,254. Lennox International has a 12-month low of $159.57 and a 12-month high of $223.05. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The firm has a market capitalization of $8,356.02, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 0.99 and a beta of 1.17.

Lennox International (NYSE:LII) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The company had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. During the same quarter in the prior year, the firm posted $1.50 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. equities research analysts forecast that Lennox International will post 10.18 EPS for the current year.

Lennox International declared that its board has initiated a share repurchase program on Wednesday, December 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other Lennox International news, Chairman Todd M. Bluedorn sold 8,313 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $202.94, for a total transaction of $1,687,040.22. Following the transaction, the chairman now directly owns 181,973 shares in the company, valued at approximately $36,929,600.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Torres sold 4,406 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $196.01, for a total value of $863,620.06. Following the transaction, the executive vice president now owns 6,254 shares in the company, valued at $1,225,846.54. The disclosure for this sale can be found here. Insiders have sold a total of 28,689 shares of company stock worth $5,897,885 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Donaldson Capital Management LLC lifted its holdings in shares of Lennox International by 2.3% in the 3rd quarter. Donaldson Capital Management LLC now owns 18,876 shares of the construction company’s stock worth $3,378,000 after purchasing an additional 430 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Lennox International by 37.9% in the 4th quarter. Toronto Dominion Bank now owns 2,237 shares of the construction company’s stock worth $466,000 after purchasing an additional 615 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of Lennox International by 10.1% in the 3rd quarter. Tredje AP fonden now owns 7,220 shares of the construction company’s stock worth $1,296,000 after purchasing an additional 660 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Lennox International by 11.3% in the 3rd quarter. Pacer Advisors Inc. now owns 6,935 shares of the construction company’s stock worth $1,241,000 after purchasing an additional 703 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of Lennox International by 3.6% in the 4th quarter. Aperio Group LLC now owns 22,144 shares of the construction company’s stock worth $4,612,000 after purchasing an additional 764 shares in the last quarter. Institutional investors own 68.56% of the company’s stock.

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About Lennox International

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

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