(NYSE:LII) in a report published on Tuesday, July 25th. Morgan Stanley now has a $161.00 price objective on the construction company's stock, down from their previous price objective of $164.00. Cowen and Company reaffirmed a "buy" rating on shares of Lennox International in a research note on Monday, July 24th. UBS AG boosted their price target on shares of Lennox International from $170.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 26th. Wolfe Research initiated coverage on Lennox International in a report on Tuesday, July 11th. They set a "market perform" rating for the company. Finally, TheStreet lowered Lennox International from a b rating to a c+ rating in a report on Friday, April 28th.
A number of analysts have commented on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock.
Shares of Lennox International (LII) opened at 167.92 on Wednesday. Parametric Portfolio Associates has an ownership of 67,340 stocks of the construction firms shares valued $12,366,000 after scooping up an extra 3,580 shares through out the quarter. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 24.19 and a beta of 1.14. Lennox International, Inc. has a 52 week low of $140.97 and a 52 week high of $192.58. The firm has a 50-day moving average price of $177.27 and a 200-day moving average price of $172.02.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 24th. The dividend payment was $0.510 per share for the quarter or $2.04 on an annualized basis. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $2.53 EPS. The company's quarterly revenue was up 8.1% compared to the same quarter past year. On average, analysts forecast that Lennox International will post $8.02 EPS for the current year.
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COPYRIGHT VIOLATION WARNING: This news story was first published by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and worldwide copyright and trademark laws. The correct version of this report can be accessed at https://weekherald.com/2017/08/14/lennox-international-inc-nyselii-rating-reiterated-by-morgan-stanley-updated-updated.html. Also, VP Chris Kosel sold 357 shares of the company's stock in a transaction on Monday, August 7th. Pioneer Inc invested in 0.02% or 44,148 shares. This is an increase from Lennox International's previous quarterly dividend of $0.43. The dividend yield was $1.22. Lennox International presently has an average rating of "Hold" and a consensus price target of $179.00.
In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the company's stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the completion of the sale, the chairman now owns 181,410 shares of the company's stock, valued at $30,975,757.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The shares were sold at an average price of $173.51, for a total transaction of $61,943.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,094 shares of company stock worth $2,409,181. Manufacturers Life Insurance Company, The reduced its stake by selling 22,179 shares a decrease of 83.6% as of 06/30/2017. The Amici Capital Llc holds 409,818 shares with $33.95M value, down from 495,017 last quarter. Acrospire Investment Management LLC increased its stake in shares of Lennox International by 114.1% in the second quarter. 239,464 shares of the stock were exchanged. Horrell Capital Management Inc. owns 27,160 shares or 2.59% of their United States portfolio. Parametric Portfolio Associates raised its stake in Lennox International by 5.6% in the Fiscal Q2. Copper Rock Capital Partners LLC now owns 2,632 shares of the construction company's stock valued at $403,000 after buying an additional 1,988 shares during the period. California Public Employees Retirement System now owns 148,000 shares of the construction company's stock worth $27,179,000 after buying an additional 3,600 shares during the period.
Many Hedge funds have lately purchased and unloaded stocks of LII. The value of the investment in Lennox International, Inc. went from $4,437,000 to $797,000 a change of $3,640,000 for the reporting period.