Royal Bank of Canada Boosts Lennox International (NYSE:LII) Price Target to $619.00

Lennox International (NYSE:LII) had its price objective raised by equities researchers at Royal Bank of Canada from $604.00 to $619.00 in a report released on Thursday, Benzinga reports. The firm presently has a “sector perform” rating on the construction company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 0.53% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird boosted their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a report on Thursday. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Stephens reaffirmed an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. The Goldman Sachs Group increased their price target on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company increased their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $583.92.

Lennox International Trading Up 1.0 %

NYSE:LII traded up $6.01 on Thursday, reaching $615.75. The company’s stock had a trading volume of 171,222 shares, compared to its average volume of 273,122. The company has a quick ratio of 0.90, a current ratio of 1.60 and a debt-to-equity ratio of 1.95. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. Lennox International has a 12-month low of $334.53 and a 12-month high of $627.46. The stock has a 50 day moving average price of $590.77 and a 200 day moving average price of $542.21.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.15 EPS. On average, equities analysts anticipate that Lennox International will post 20.34 EPS for the current fiscal year.

Insider Activity

In other news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at approximately $944,458.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Prakash Bedapudi sold 3,434 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the completion of the sale, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,052 shares of company stock worth $7,563,793. Corporate insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

A number of large investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its stake in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the period. L & S Advisors Inc raised its position in Lennox International by 0.8% during the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock worth $2,854,000 after buying an additional 40 shares during the last quarter. Argent Trust Co increased its holdings in shares of Lennox International by 6.6% in the 2nd quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after purchasing an additional 41 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Lennox International in the 2nd quarter valued at about $33,000. Finally, Toronto Dominion Bank increased its holdings in shares of Lennox International by 2.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock valued at $1,669,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.