Lennox International (NYSE:LII) Lowered to “Neutral” at Robert W. Baird

Robert W. Baird lowered shares of Lennox International (NYSE:LII) from an outperform rating to a neutral rating in a research note released on Tuesday, April 16th, Benzinga reports. The brokerage currently has $272.00 price objective on the construction company’s stock, up from their prior price objective of $246.00.

LII has been the subject of a number of other reports. Barclays upped their price target on shares of Lennox International from $258.00 to $270.00 and gave the company an overweight rating in a report on Wednesday, April 3rd. Cowen cut shares of Lennox International from an outperform rating to a market perform rating and set a $276.36 price target for the company. in a report on Tuesday, April 9th. Credit Suisse Group upped their price target on shares of Lennox International from $234.00 to $253.00 and gave the company an outperform rating in a report on Wednesday, February 6th. Wells Fargo & Co upped their price target on shares of Lennox International from $230.00 to $242.00 and gave the company a market perform rating in a report on Wednesday, February 6th. Finally, Goldman Sachs Group initiated coverage on shares of Lennox International in a report on Tuesday, March 5th. They set a neutral rating and a $236.00 price target for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $254.49.

Shares of NYSE LII traded up $6.71 during mid-day trading on Tuesday, reaching $276.71. The company had a trading volume of 368,737 shares, compared to its average volume of 388,697. The company has a market capitalization of $10.85 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98. Lennox International has a twelve month low of $177.36 and a twelve month high of $278.39.

Lennox International (NYSE:LII) last posted its earnings results on Monday, April 22nd. The construction company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.29. The firm had revenue of $790.30 million for the quarter, compared to the consensus estimate of $748.63 million. Lennox International had a net margin of 10.17% and a negative return on equity of 261.35%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Analysts anticipate that Lennox International will post 12.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, March 29th. Lennox International’s payout ratio is presently 27.18%.

In other Lennox International news, EVP Daniel M. Sessa sold 3,515 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $258.50, for a total transaction of $908,627.50. Following the completion of the transaction, the executive vice president now owns 44,912 shares in the company, valued at $11,609,752. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Chris Kosel sold 416 shares of the firm’s 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 disclosure for this sale can be found here. In the last quarter, insiders sold 47,846 shares of company stock valued at $11,922,550. 3.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Partners LLC lifted its stake in Lennox International by 6.6% during the fourth quarter. Advisor Partners LLC now owns 1,046 shares of the construction company’s stock worth $229,000 after purchasing an additional 65 shares during the period. Argent Capital Management LLC increased its holdings in shares of Lennox International by 1.6% during the first quarter. Argent Capital Management LLC now owns 4,608 shares of the construction company’s stock worth $1,218,000 after buying an additional 71 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Lennox International by 0.6% during the fourth quarter. Wesbanco Bank Inc. now owns 14,156 shares of the construction company’s stock worth $3,098,000 after buying an additional 91 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Lennox International by 0.5% during the first quarter. Mason Street Advisors LLC now owns 19,083 shares of the construction company’s stock worth $5,046,000 after buying an additional 93 shares in the last quarter. Finally, Lindbrook Capital LLC acquired a new stake in shares of Lennox International during the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 70.89% of the company’s stock.

About Lennox International

Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, 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.

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Analyst Recommendations for Lennox International (NYSE:LII)

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