Lennox International, Inc. (NYSE:LII) VP Sells $61,943.07 in Stock
Lennox International, Inc. (NYSE:LII) VP Chris Kosel sold 357 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $173.51, for a total transaction of $61,943.07. Following the sale, the vice president now owns 1,379 shares of the company’s stock, valued at approximately $239,270.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Lennox International, Inc. (NYSE:LII) traded down 0.56% during trading on Tuesday, reaching $172.40. 223,314 shares of the company’s stock were exchanged. Lennox International, Inc. has a 12 month low of $140.97 and a 12 month high of $192.58. The stock has a 50-day moving average price of $181.66 and a 200 day moving average price of $170.99. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 24.83 and a beta of 1.14.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Lennox International had a net margin of 7.92% and a return on equity of 1,821.73%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts forecast that Lennox International, Inc. will post $8.02 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.51 per share. The ex-dividend date was Wednesday, June 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. Lennox International’s dividend payout ratio is presently 29.35%.
Large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group raised its stake in Lennox International by 65.0% in the first quarter. Schroder Investment Management Group now owns 463,778 shares of the construction company’s stock valued at $78,021,000 after buying an additional 182,677 shares during the last quarter. Congress Asset Management Co. MA raised its stake in Lennox International by 7.6% in the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock valued at $82,332,000 after buying an additional 31,840 shares during the last quarter. Geode Capital Management LLC raised its stake in Lennox International by 9.1% in the first quarter. Geode Capital Management LLC now owns 288,838 shares of the construction company’s stock valued at $48,322,000 after buying an additional 23,973 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Lennox International during the first quarter valued at approximately $21,738,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Lennox International during the second quarter valued at approximately $20,855,000. 69.49% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on LII. Cowen and Company raised their price objective on shares of Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Lennox International from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Wolfe Research began coverage on shares of Lennox International in a report on Tuesday, July 11th. They set a “market perform” rating for the company. Wells Fargo & Company restated a “market perform” rating and set a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a report on Friday, July 7th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $176.71.
About Lennox International
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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