KeyBanc Downgrades Lennox International to Sector Weight

Brokerage firm KeyBanc Downgrades its rating on Lennox International(NYSE:LII). The shares have been rated Sector Weight. Previously, the analysts had a Overweight rating on the shares. The rating by KeyBanc was issued on Apr 14, 2016.

In a different note, On Mar 28, 2016, Goldman Sachs said it Downgrades its rating on Lennox International. The shares have been rated ‘Neutral’ by the firm. Cowen & Company said it Initiates Coverage on Lennox International, according to a research note issued on Feb 23, 2016. The shares have been rated ‘Outperform’ by the firm. On Feb 9, 2016, JP Morgan said it Maintains its rating on Lennox International. In the research note, the firm Lowers the price-target to $133.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 9, 2016, Buckingham Research said it Maintains its rating on Lennox International. In the research note, the firm Lowers the price-target to $122.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 20, 2016, KeyBanc said it Maintains its rating on Lennox International. According to the research note, KeyBanc Lowers the price target to $143 per share from a prior target of $150. The shares have been rated ‘Overweight’ by the firm. On Jan 19, 2016, Barclays said it Maintains its rating on Lennox International. According to the research note, Barclays Lowers the price target to $117 per share from a prior target of $118. The shares have been rated ‘Equal-weight’ by the firm.

Lennox International (LII) shares turned negative on Mondays trading session with the shares closing down -3.67 points or -2.61% at a volume of 11,66,044. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $141.66. The peak price level was also seen at $141.66 while the days lowest was $134.06. Finally the shares closed at $137.17. The 52-week high of the shares is $142.485 while the 52-week low is $104.94. According to the latest information available, the market cap of the company is $6,132 M.

Lennox International(LII) last announced its earnings results on Feb 8, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $834.10M. Analysts had an estimated revenue of $820.08M. Earnings per share were $1.11. Analysts had estimated an EPS of $1.23.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Todd M Bluedorn (Chairman and CEO) sold 46,434 shares at $130.86 per share price.Also, On Mar 17, 2016, John D Torres (EVP, Chief Legal Officer) sold 11,522 shares at $130.07 per share price.On Mar 17, 2016, Terry L Johnston (President and COO, Commercial) sold 6,528 shares at $130.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs manufactures and market a range of products for the heating ventilation air conditioning and refrigeration (HVACR) markets. The Company operates in three segments. The Residential Heating & Cooling segment’s products and services include furnaces air conditioners heat pumps packaged heating and cooling systems indoor air equipment comfort control products and replacement parts. The Commercial Heating & Cooling segment’s products and services include unitary heating and air conditioning equipment applied systems controls installation and service of commercial heating and cooling equipment. The Refrigeration segment’s products and services include condensing units unit coolers fluid coolers air cooled condensers air handlers process chillers controls compressorized racks supermarket display cases and systems.

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