Lennox International (LII) Receives a Sell from J.P. Morgan

In a report released yesterday, Stephen Tusa from J.P. Morgan maintained a Sell rating on Lennox International (LIIResearch Report), with a price target of $205.00. The company’s shares closed last Thursday at $218.15.

According to, Tusa is a 5-star analyst with an average return of 10.6% and a 63.7% success rate. Tusa covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and John Bean Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Lennox International with a $249.57 average price target, implying a 15.7% upside from current levels. In a report issued on June 23, Goldman Sachs also maintained a Sell rating on the stock with a $190.00 price target.

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Based on Lennox International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.01 billion and net profit of $83.6 million. In comparison, last year the company earned revenue of $931 million and had a net profit of $84.2 million.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LII in relation to earlier this year.

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Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories. The Commercial Heating & Cooling segment sells unitary heating and cooling equipment used in light commercial applications. The Refrigeration segment includes retails equipment for commercial refrigeration market including condensing unit, unit coolers, fluid, coolers, air cooled condensers, supermarket display cases, and systems. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

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