The Lennox International's (LII) "Market Perform" Rating Reaffirmed at Wells Fargo & Company

Paterniano Del Favero
Agosto 1, 2017

It dropped, as 28 investors sold Lennox International Inc. shares while 108 reduced holdings.

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Congress Asset Management Company increased Lennox International Inc (LII) stake by 14.78% reported in 2016Q4 SEC filing. Out of 3 Wall Street analysts rating Lennox Int'l, 0 give it "Buy", 1 "Sell" rating, while 2 recommend "Hold". Wells Fargo & Company reaffirmed a "market perform" rating and issued a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has "Hold" rating by BMO Capital Markets on Wednesday, June 21. (NYSE:LII) shares. RUMBOUGH ROY A also sold $115,284 worth of Lennox International Inc.

About 198,383 shares traded. The firm's 50-day moving average price is $183.78 and its 200-day moving average price is $170.20. Lennox International has a 12 month low of $140.97 and a 12 month high of $192.58. The stock has a market capitalization of $7.21 billion, a P/E ratio of 24.64 and a beta of 1.16.

Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.76 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. Analysts anticipate that Lennox International will post $8.01 earnings per share for the current fiscal year. During the same period in the previous year, the business posted $2.53 earnings per share. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of USA & global copyright and trademark legislation. If you are viewing this report on another site, it was illegally copied and republished in violation of USA and worldwide copyright and trademark legislation. The correct version of this article can be viewed at https://weekherald.com/2017/07/27/lennox-international-inc-nyselii-rating-reiterated-by-morgan-stanley.html.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. The dividend was $0.510 per share for the quarter or $2.04 annualized. The dividend yield was $1.19. The ex-dividend date was Wednesday, June 28th. This is a boost from Lennox International's previous quarterly dividend of $0.43. Lennox International's dividend payout ratio (DPR) is now 29.35%. 1,000 shares valued at $167,656 were sold by NORRIS JOHN W III on Friday, May 5. As of quarter end Cibc Asset Management Inc had sold a total of 4,490 shares trimming its position 24.3%. After this trade, the director has an ownership of 50,001 company stock worth at roughly $8,383,167.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Executives own 3.90% of the firms stock.

A number of large investors have recently bought and sold shares of the company. Genesee Valley Trust raised its stake in Lennox International by 1.1% in the Q1. World Asset Management Inc now owns 2,784 shares of the construction company's stock valued at $511,000 after buying an additional 61 shares during the period. It also reduced Equinix Inc (NASDAQ:EQIX) stake by 2,133 shares and now owns 19,159 shares. Atlanta Capital Management Co Llc acquired 78,890 shares as Lennox Intl Inc (LII)'s stock rose 7.97%. 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. Huntington National Bank boosted its position in shares of Lennox International by 16.7% in the second quarter. Dorsey Wright & Associates now owns 21,714 shares of the construction company's stock worth $3,633,000 after buying an additional 1,881 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Lennox International by 19.5% in the first quarter. The Atlanta Capital Management Co Llc holds 621,930 shares with $95.26M value, up from 543,040 last quarter. Copper Rock Capital Partners LLC boosted its position in shares of Lennox International by 308.7% in the second quarter. The firm set a "market perform" rating on the construction company's stock. Lastly, Wolfe analysis assumed coverage on Lennox International in a note on Tue, Jul 11th. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three divisions: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

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