Lennox International (LII) Research Coverage Started at Morgan Stanley

Equities researchers at Morgan Stanley initiated coverage on shares of Lennox International (NYSE:LII) in a report released on Monday, The Fly reports. The brokerage set an “underweight” rating and a $201.00 price target on the construction company’s stock. Morgan Stanley’s target price would suggest a potential downside of 10.79% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. TheStreet cut Lennox International from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Wells Fargo & Co upped their price target on Lennox International from $220.00 to $230.00 and gave the stock a “market perform” rating in a research note on Monday, July 9th. Seaport Global Securities cut Lennox International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. They noted that the move was a valuation call. Wolfe Research initiated coverage on Lennox International in a research note on Wednesday, June 27th. They set an “underperform” rating for the company. Finally, Stifel Nicolaus restated a “hold” rating and set a $210.00 price target (down previously from $218.00) on shares of Lennox International in a research note on Tuesday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Lennox International has an average rating of “Hold” and an average target price of $214.13.

Lennox International stock opened at $225.32 on Monday. Lennox International has a 12 month low of $160.18 and a 12 month high of $225.78. The company has a debt-to-equity ratio of -7.32, a current ratio of 1.86 and a quick ratio of 1.14. The company has a market cap of $8.96 billion, a PE ratio of 28.45, a P/E/G ratio of 1.14 and a beta of 1.18.

Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.56 by $0.11. Lennox International had a negative return on equity of 750.65% and a net margin of 8.15%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. sell-side analysts anticipate that Lennox International will post 10.21 EPS for the current fiscal year.

In other Lennox International news, EVP Prakash Bedapudi sold 5,011 shares of the stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $208.15, for a total value of $1,043,039.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary S. Bedard sold 500 shares of the stock in a transaction on Friday, June 8th. The stock was sold at an average price of $210.00, for a total value of $105,000.00. Following the completion of the transaction, the executive vice president now owns 19,941 shares of the company’s stock, valued at approximately $4,187,610. The disclosure for this sale can be found here. Insiders sold 62,836 shares of company stock valued at $12,989,876 in the last quarter. 3.90% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in LII. Riverbridge Partners LLC purchased a new position in Lennox International in the second quarter worth $26,017,000. BlackRock Inc. increased its position in shares of Lennox International by 2.9% in the first quarter. BlackRock Inc. now owns 3,641,718 shares of the construction company’s stock valued at $744,259,000 after buying an additional 103,287 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Lennox International by 41.0% in the first quarter. OppenheimerFunds Inc. now owns 190,910 shares of the construction company’s stock valued at $39,016,000 after buying an additional 55,534 shares in the last quarter. Interval Partners LP purchased a new position in shares of Lennox International in the first quarter valued at $10,219,000. Finally, Eventide Asset Management LLC increased its position in shares of Lennox International by 57.3% in the first quarter. Eventide Asset Management LLC now owns 118,000 shares of the construction company’s stock valued at $24,116,000 after buying an additional 43,000 shares in the last quarter. Hedge funds and other institutional investors own 69.16% of the company’s stock.

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.

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Analyst Recommendations for Lennox International (NYSE:LII)

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