JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Lennox International (NYSE:LII) Stock

Lennox International (NYSE:LII) had its price objective increased by analysts at JPMorgan Chase & Co. from $536.00 to $565.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 7.40% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Mizuho cut shares of Lennox International from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $675.00 to $625.00 in a research note on Thursday. UBS Group increased their target price on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada lifted their price target on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Northcoast Research assumed coverage on Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 price target on the stock. Finally, Barclays dropped their price objective on Lennox International from $674.00 to $665.00 and set an “equal weight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Lennox International presently has a consensus rating of “Hold” and a consensus price target of $600.93.

Lennox International Stock Performance

NYSE LII traded up $5.81 on Thursday, hitting $610.14. 92,499 shares of the company’s stock traded hands, compared to its average volume of 353,746. The firm’s 50-day moving average price is $642.08 and its two-hundred day moving average price is $607.18. The firm has a market capitalization of $21.73 billion, a PE ratio of 28.97, a P/E/G ratio of 1.95 and a beta of 1.11. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. Lennox International has a 1-year low of $412.09 and a 1-year high of $682.50.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. As a group, analysts expect that Lennox International will post 21.2 EPS for the current year.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the transaction, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sherry Buck sold 500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares in the company, valued at $1,118,632.82. This represents a 22.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,200 shares of company stock worth $793,228. Insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

A number of large investors have recently made changes to their positions in LII. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International in the 3rd quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International in the third quarter valued at $39,000. Huntington National Bank lifted its holdings in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after buying an additional 23 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after acquiring an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Lennox International in the 3rd quarter valued at about $77,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

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.