Insider Selling: Prakash Bedapudi Sells 7,772 Shares of Lennox International Stock (LII)
Lennox International (NYSE:LII) EVP Prakash Bedapudi sold 7,772 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $88.61, for a total value of $688,676.92. Following the sale, the executive vice president now directly owns 20,783 shares of the company’s stock, valued at approximately $1,841,582. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LII. Analysts at MKM Partners raised their price target on shares of Lennox International from $90.00 to $97.00 in a research note on Friday, February 7th. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley upgraded shares of Lennox International from an “underweight” rating to an “equal weight” rating in a research note on Friday, February 7th. Finally, analysts at Ned Davis Research downgraded shares of Lennox International from a “buy” rating to a “neutral” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.93.
Shares of Lennox International (NYSE:LII) traded down 0.33% during mid-day trading on Thursday, hitting $88.35. The stock had a trading volume of 457,046 shares. Lennox International has a 52-week low of $56.56 and a 52-week high of $88.84. The stock’s 50-day moving average is $86.29 and its 200-day moving average is $78.26. The company has a market cap of $4.338 billion and a price-to-earnings ratio of 26.15.
Lennox International (NYSE:LII) last released its earnings data on Wednesday, February 5th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.04. The company had revenue of $750.00 million for the quarter, compared to the consensus estimate of $727.49 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Lennox International will post $4.52 EPS for the current fiscal year.
Lennox International Inc (NYSE:LII) is a provider of climate control solutions.
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