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Mizuho Securities Maintains a Sell Rating on Lennox International (LII)

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In a report issued on February 1, Brett Linzey from Mizuho Securities maintained a Sell rating on Lennox International (LIIResearch Report), with a price target of $295.00. The company’s shares closed last Thursday at $269.45, close to its 52-week low of $268.74.

According to TipRanks.com, Linzey is a 3-star analyst with an average return of 3.5% and a 40.0% success rate. Linzey covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Zurn Water Solutions.

Currently, the analyst consensus on Lennox International is a Hold with an average price target of $310.80, representing a 14.2% upside. In a report released yesterday, Morgan Stanley also maintained a Sell rating on the stock with a $258.00 price target.

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Based on Lennox International’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.06 billion and net profit of $126 million. In comparison, last year the company earned revenue of $914 million and had a net profit of $112 million.

Based on the recent corporate insider activity of 96 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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