Lennox International (LII) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 170 from a previous price target of $157 . UBS advised their investors in a research report released on Jul 19, 2016.
On the company’s financial health, Lennox International reported $2.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.35. The company had revenue of $1019.00 million for the quarter, compared to analysts expectations of $1046.10 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.
Lennox International opened for trading at $149.71 and hit $150 on the upside on Monday, eventually ending the session at $149.2, with a gain of 0.81% or 1.2 points. The heightened volatility saw the trading volume jump to 7,31,833 shares. Company has a market cap of $6,506 M.
In a different news, on Jun 21, 2016, Douglas L Young (EVP, President & COO RHC) sold 4,407 shares at $137.00 per share price. According to the SEC, on Jun 2, 2016, John W Iii Norris (director) sold 1,000 shares at $136.84 per share price. On Jun 1, 2016, Paul W Schmidt (director) sold 600 shares at $136.84 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.