Lennox International (LII) Upgraded at ValuEngine

Share on StockTwits

Lennox International (NYSE:LII) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other equities analysts also recently issued reports on LII. Wells Fargo & Co upped their price target on Lennox International from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Monday, July 9th. Seaport Global Securities downgraded Lennox International from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. They noted that the move was a valuation call. TheStreet raised Lennox International from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Barclays increased their price objective on Lennox International from $233.00 to $239.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. Finally, Morgan Stanley initiated coverage on Lennox International in a report on Monday, August 20th. They issued an “underweight” rating and a $201.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $220.75.

Shares of LII opened at $210.89 on Thursday. The company has a market capitalization of $8.02 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. Lennox International has a 52-week low of $177.36 and a 52-week high of $229.98.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.92 by ($0.20). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a net margin of 8.31% and a negative return on equity of 474.74%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 earnings per share. Equities analysts anticipate that Lennox International will post 8.97 EPS for the current fiscal year.

In other news, EVP Prakash Bedapudi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $207.00, for a total value of $2,070,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary S. Bedard sold 340 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $225.00, for a total value of $76,500.00. Following the completion of the sale, the executive vice president now directly owns 19,118 shares of the company’s stock, valued at $4,301,550. The disclosure for this sale can be found here. Insiders sold 20,498 shares of company stock valued at $4,245,539 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LII. Millennium Management LLC lifted its holdings in shares of Lennox International by 47.9% during the first quarter. Millennium Management LLC now owns 25,164 shares of the construction company’s stock worth $5,143,000 after purchasing an additional 8,154 shares during the period. Legal & General Group Plc lifted its holdings in shares of Lennox International by 15.8% during the first quarter. Legal & General Group Plc now owns 76,896 shares of the construction company’s stock worth $15,715,000 after purchasing an additional 10,472 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Lennox International by 2.6% during the first quarter. Principal Financial Group Inc. now owns 164,222 shares of the construction company’s stock worth $33,562,000 after purchasing an additional 4,147 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of Lennox International by 18.6% during the first quarter. Allianz Asset Management GmbH now owns 5,555 shares of the construction company’s stock worth $1,135,000 after purchasing an additional 871 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Lennox International by 583.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock worth $319,000 after purchasing an additional 1,359 shares during the period. 67.82% of the stock is owned by hedge funds and other institutional investors.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Featured Story: What does cost of debt say about a company’s financial health?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply