Lennox International (LII) Reaches New 1-Year High at $282.20

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Lennox International Inc. (NYSE:LII) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $282.20 and last traded at $279.35, with a volume of 34810 shares changing hands. The stock had previously closed at $280.60.

A number of brokerages have recently issued reports on LII. Barclays lifted their price target on Lennox International from $270.00 to $291.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Deutsche Bank lifted their price target on Lennox International from $256.00 to $270.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. Morgan Stanley lifted their price target on Lennox International from $202.00 to $220.00 and gave the company an “underweight” rating in a report on Tuesday, April 23rd. Vertical Research downgraded Lennox International from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Co lifted their price target on Lennox International from $242.00 to $250.00 and gave the company a “market perform” rating in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $254.49.

The stock has a market capitalization of $10.85 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.29. The firm had revenue of $790.30 million during the quarter, compared to analysts’ expectations of $748.63 million. Lennox International had a negative return on equity of 261.35% and a net margin of 10.17%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. Sell-side analysts predict that Lennox International Inc. will post 12.32 EPS for the current year.

In other Lennox International news, VP Chris Kosel sold 416 shares of Lennox International stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $252.00, for a total transaction of $104,832.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Prakash Bedapudi sold 2,995 shares of Lennox International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $277.00, for a total value of $829,615.00. Following the sale, the executive vice president now directly owns 15,114 shares of the company’s stock, valued at approximately $4,186,578. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,789 shares of company stock valued at $9,537,595. 3.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of LII. Lindbrook Capital LLC acquired a new position in shares of Lennox International during the 4th quarter valued at $25,000. One Wealth Advisors LLC bought a new position in Lennox International in the 1st quarter worth about $30,000. Icon Wealth Partners LLC acquired a new stake in shares of Lennox International in the 1st quarter worth approximately $38,000. Huntington National Bank lifted its stake in shares of Lennox International by 196.6% in the 1st quarter. Huntington National Bank now owns 439 shares of the construction company’s stock worth $116,000 after acquiring an additional 291 shares during the period. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of Lennox International in the 1st quarter worth approximately $219,000. 70.47% of the stock is owned by institutional investors.

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Lennox International Company Profile (NYSE:LII)

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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