According to Marketbeat Ratings, the firm Lennox International Inc. (NYSE: LII), which thirteen different analysts have covered, has been given an average rating of “Hold” by all. Two financial advisers and six analysts have recommended keeping the stock, while three market experts have urged purchasing it.
Buying the stock has been recommended by three market analysts. According to projections made by investment firms that have recently published a study on the company, the stock is expected to reach an average price of $243.10 within the next twelve months. There has been a recent decrease in the value of Lennox International shares. Even though the company is headed in the right direction, several equity research experts have offered their opinions concerning the stock.
The price objective for Lennox International was raised from $229.00 to $249.00 in a research report that was made public by Wells Fargo & Company on Monday, August 1. Additionally, the company gave Lennox International’s stock an “equal weight” rating. In a research report published on Wednesday, July 13, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lennox International from $335.00 to $292.00 while maintaining their “buy” rating on the stock.
On Friday, July 8, Cowen changed their rating for Lennox International from “market perform” to “outperform.” The paper containing their findings was published online. In addition, the corporation has projected that the share price will reach $260 within the next twelve months. On Friday, July 8, Barclays released a research note stating that they were decreasing their target price on shares of Lennox International from $240.00 to $230.00 and rating the company as “equal weight.”
Barclays also stated that they were lowering their target price on shares of Lennox International. According to a study presented on Thursday, June 23, the Goldman Sachs Group lowered its recommendation for Lennox International shares, moving them from a “hold” rating to a “sell.” This was the third and last downgrade, and it was also the most significant. LII began trading on Monday at $242.65. The all-time high for Lennox International during the past year is presently at $339.18, while the all-time low sits at $182.85.
Investors in Lennox generally have the same level of concern regarding supply limitations. On Thursday, July 28, Lennox International (NYSE: LII) posted the information it had collated and compiled regarding its quarterly results. The construction company reported quarterly profits per share of $5.00, which was $0.26 higher than the projection that the market had been relying on, which was $4.74. Lennox International had a net margin of 10.69%, and the company had a return on equity of -134.81% in the negative.
The company’s quarterly revenues came in at $1.37 billion, which was better than the consensus estimate of $1.34 billion ($1.34 billion). The corporation generated earnings of $4.57 per share during the same period in the prior year’s operations. Compared to the same period of the previous year, the rise in income was 10.3% larger than before. As stated by the forecasts of specialists working in research, the current fiscal year of Lennox International is expected to bring in a profit of $14.23 per share. In addition, the corporation has declared a quarterly dividend, which will be paid out on September 15 as previously scheduled.
This week, owners who had their records in order as of August 31 will be eligible to receive a $1.06 dividend payment per share. This equates to a $4.24 annual dividend payment and a 1.75 percent dividend yield on the investment. This dividend payment is due on August 30, which falls on a Tuesday. That is the date that it begins trading without the dividend attached. Lennox International’s payout percentage is 32.79 percent.
With revenue growth of 28% compared to the previous year, Lennox International has outpaced the industry as a whole. In related news about this topic, Chief Administrative Officer Chris Kosel successfully sold 400 of his company’s shares on Friday, August 12. A total of $104,445.00 worth of the stock was traded at an average price of $261.11 per share, resulting in revenue of $104,445.00 due to the transaction of the stock.
Following the successful conclusion of the transaction, the chief accounting officer now has direct ownership of 1,897 shares of the company’s stock, which have a value of $495,325.67. A report outlining the transaction was sent to the Securities and Exchange Commission. The report in full can be found on this website for anyone interested in reading it. On August 3, it was announced that Lennox International Executive Vice President Daniel M. Sessa had sold 2,213 shares.
This information was previously revealed in other news about Lennox International. The number of shares sold at $243.40 per share resulted in total revenue of $538,644.20, bringing the overall average price up to $243.40. Following the completion of the transaction, the executive vice president will have directly owned 44,156 shares of company stock, which have a combined value of $10,747,570.40. Following the link provided in the previous line, you will be able to examine the filing made with the Securities and Exchange Commission that made the transaction public knowledge.
Additionally, on August 12, Chief Administrative Officer Chris Kosel disposed of 400 of the company’s shares by selling them. Following the successful conclusion of the transaction, the chief accounting officer now has direct ownership of 1,897 shares of the company’s stock, which has a value of $495,325.67. Disclosures that are related to the sale might be found in this section of the website.
The current stock owner by company insiders amounts to 2.80 percent. Significant investors have recently been active in the market, buying and selling the company’s stock. To purchase an additional share in Lennox International during the last three months of the year, the South Dakota-based Sageworth Trust Co. spent the full amount of $36,000. Eagle Bay Advisors LLC increased its overall ownership of Lennox International to a total of 65.3% during the first three months of 2018.
Eagle Bay Advisors LLC increased its holdings in the construction company’s stock during the most recent quarter by purchasing an additional 62 shares, bringing the total number of shares purchased to 157, with a value of $40,000. This brought the total number of shares purchased during this period to 157. The value of NuWave Investment Management LLC’s shares in Lennox International rose by 82.1% over the first three months of the year due to the company’s continued investment in the company.
NuWave Investment Management LLC currently possesses 173 of the construction company’s shares, each of which is estimated to be worth $45,000. This is an increase of 78 shares purchased during the most recent quarter of the fiscal year. Quent Capital LLC spent $57,000 over the final three months of 2018 to acquire a further stake in Lennox International. And finally, over the first quarter of this year, Tobam boosted the proportion of ownership it owned in Lennox International by 90.7%.
Tobam possesses a total of 225 shares of the stock in the construction firm, which is currently valued at $58,000. This is because he purchased an additional 107 shares during the most recent quarter, bringing his total acquisitions to 107. Shares of the firm are now held by 68.73% of institutional investors, including hedge funds and other institutional investors. Details Regarding the Business That Is Lennox International In a variety of countries, including the United States of America, Canada, and the rest of the world, Lennox International Inc. and its subsidiaries and affiliates develop, manufacture, and sell a wide range of products for use in the refrigeration and heating industries.
These products can be found in both commercial and residential settings. Refrigeration, heating, and cooling for commercial areas and heating and cooling for private residences are the three separate categories that can be used to classify.