Insider Selling: Lennox International Inc. (LII) EVP Sells 4,407 Shares of Stock
Lennox International Inc. (NYSE:LII) EVP Douglas L. Young sold 4,407 shares of Lennox International stock in a transaction on Monday, October 17th. The stock was sold at an average price of $157.85, for a total transaction of $695,644.95. Following the transaction, the executive vice president now directly owns 60,452 shares of the company’s stock, valued at $9,542,348.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Lennox International Inc. (NYSE:LII) traded down 2.26% on Tuesday, reaching $151.71. The company’s stock had a trading volume of 732,290 shares. Lennox International Inc. has a 12 month low of $105.65 and a 12 month high of $164.02. The firm’s 50-day moving average price is $158.76 and its 200-day moving average price is $147.49. The stock has a market cap of $6.60 billion, a P/E ratio of 30.02 and a beta of 1.26.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, October 17th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.09. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Lennox International had a return on equity of 692.11% and a net margin of 6.45%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. On average, analysts forecast that Lennox International Inc. will post $6.78 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.43 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.72 dividend on an annualized basis and a yield of 1.13%. Lennox International’s dividend payout ratio (DPR) is presently 33.86%.
A number of equities analysts have commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Lennox International in a research report on Monday, October 10th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Lennox International in a research report on Wednesday, August 31st. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $172.00 to $163.00 in a research report on Monday, August 15th. Zacks Investment Research downgraded Lennox International from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Morgan Stanley reissued a “hold” rating and set a $159.00 target price on shares of Lennox International in a report on Wednesday, July 20th. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $143.45.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its position in shares of Lennox International by 116.4% in the second quarter. Parametric Portfolio Associates LLC now owns 132,150 shares of the company’s stock worth $18,845,000 after buying an additional 71,069 shares during the period. Friess Associates LLC increased its position in Lennox International by 118.5% in the second quarter. Friess Associates LLC now owns 118,000 shares of the company’s stock valued at $16,827,000 after buying an additional 63,994 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Lennox International by 28.1% in the second quarter. TIAA CREF Investment Management LLC now owns 244,921 shares of the company’s stock valued at $34,926,000 after buying an additional 53,689 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Lennox International during the second quarter valued at $7,122,000. Finally, Canada Pension Plan Investment Board increased its position in Lennox International by 209.0% in the second quarter. Canada Pension Plan Investment Board now owns 58,400 shares of the company’s stock valued at $8,328,000 after buying an additional 39,500 shares during the last quarter. Hedge funds and other institutional investors own 68.68% of the company’s stock.
Lennox International Company Profile
Lennox International Inc (LII) is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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