Lennox Intl (NYSE:LII) Receives a Downgrade
In an analyst research report finalized on Thursday morning, Wells Fargo lowered shares of Lennox Intl (NYSE:LII) to a lower Market Perform rating from the previous Outperform rating.
From a total of 14 analysts covering Lennox International Inc. (NYSE:LII) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is $150 while the lowest target price is $108. The mean of all analyst targets is $129.07 with a 4.79% above today’s ($127.87) stock price. Lennox International Inc. was the topic of 12 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus initiated shares on November 25 with “Hold” rating. KeyBanc Capital Markets maintained LII stock in a recent report from November 11 with “Overweight” rating. Finally, Buckingham Research downgraded the stock to “Neutral” rating in a report issued on a July 21.
Approximately 146,161 shares of stock traded hands. Lennox International Inc. (NYSE:LII) has risen 14.86% since May 14, 2015 and is uptrending. It has outperformed by 17.12% the S&P500.
The overall sentiment of institutions has decreased to 0.85 in Q2 2015. Its down 0.34, from 1.19 in 2015Q2. The ratio is negative, as 28 institutions have sold all the shares of Lennox International Inc. that they owned while 103 funds have taken shares off the table. 35 funds have purchased shares for the first time while 77 added to their positions. These institutions now hold 27.47 million shares or 10.77% less than the 30.78 million shares they owned in 2015Q2.
The Fund Rail currently is holding shares equating to 3.69% of its total portfolio in Lennox International Inc. representing a total of 117,958 shares. Another fund,Stone Run Capital Llc, is holding a total of 32,325 shares equating to 2.91% of their holdings. Additionally, New Amsterdam Partners Llc Ny has a 172,830 share stake in Lennox International Inc. which represents 1.99% of their total portfolio. The Fund, Horrell Capital Management Inc., based out of Arkansas, has also built up a stake in the stock, which represents a total of 1.91% of their total portfolio. Finally Cfo4life L.P., a fund which is based in the state of Texas reported a total holdings of 14,916 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 17, 2015, shareholders of Lennox International Inc. have witnessed 0 insider buys, and a total of 4 insider sales equating to a net activity of approximately $5.68 million . Schmidt Paul W sold 600 shares worth approximately $69,498. Thompson Richard L sold 20,000 shares worth approximately $2.46M. Bluedorn Todd M sold 12,111 shares worth approximately $1.41 million. Bedapudi Prakash sold 15,000 shares worth approximately $1.75M. The company insider Young Douglas L sold 1,299 shares worth $149,385.
Lennox International Inc. is a well-known provider of climate control solutions. The company has a market cap of $5.90 billion. The Firm designs, makes and market a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It has 26.3 P/E ratio. The Firm operates in three divisions.
According to Zacks Investment Research, “Lennox International Inc. is a leading global provider of climate control solutions. The company designs, manufactures and markets a broad range of products for the heating, ventilation, air conditioning and refrigeration markets. The company’s products are sold under brand names that include Lennox, Armstrong Air, Bohn, Larkin, Heatcraft and others. The company’s furnaces, heat pumps, air conditioners, pre-fabricated fireplaces and related products are available in a variety of designs, efficiency levels and price points that provide an extensive line of comfort systems.”