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Lennox International(LII-N)
NYSE

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Chart of the Day: Lennox is Heating Up

Barchart - Mon Dec 4, 2023

 The Chart of the Day belongs to the HVAC company Lennox International  (LII) .  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 / 7 the stock gained 6.86%.

LII Price vs Daily Moving Averages

Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment and accessories, comfort control products, and replacement parts and supplies for residential replacement and new construction markets. The Commercial Heating & Cooling segment offers unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, and variable refrigerant flow commercial products for light commercial markets. The Refrigeration segment offers condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, and refrigeration rack systems for preserving food and other perishables in supermarkets, convenience stores, restaurants, warehouses, and distribution centers, as well as for data centers, machine tooling, and other cooling applications; and compressor racks and industrial process chillers. The company sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. Lennox International Inc. was founded in 1895 and is headquartered in Richardson, Texas.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 66.80+ Weighted Alpha
  • 55.87% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 9.12% in the last month
  • Relative Strength Index 65.95%
  • Technical support level at $409.83
  • Recently traded at $418.29 with 50 day moving average of $382.42

Fundamental Factors:

  • Market Cap $14.87 billion
  • P/E 24.63
  • Dividend yield 1.03%
  • Revenue expected to grow 3.80% this year and another 5.40% next year
  • Earning estimated to increase 26.50% this year, an additional 10.20% next year and continue to compound at an annual rate of 17.02% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analyst gave 6 strong buy, and 9 hold opinions on the stock
  • Analysts' price targets are between $298 and $470 — wide range
  • The individual investors following the stock on Motley Fool voted 79 to 12 for the stock to beat the market with the most experienced investors voting 15 to 1 for the same result
  • Value Line gives it an average rating of 3  but notes a 3-5 year price target of $210 - $477 — another wide range
  • CFRAs MarketScope rates it a hold
  • 4,700 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.


On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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