Douglas L. Young Sells 7,658 Shares of Lennox International, Inc. (LII) Stock
Lennox International, Inc. (NYSE:LII) EVP Douglas L. Young sold 7,658 shares of Lennox International stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $193.94, for a total value of $1,485,192.52. Following the transaction, the executive vice president now directly owns 61,155 shares in the company, valued at $11,860,400.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Lennox International, Inc. (NYSE LII) traded down 1.14% on Monday, hitting $191.14. The stock had a trading volume of 229,521 shares. The firm has a market capitalization of $8.06 billion, a price-to-earnings ratio of 27.53 and a beta of 1.15. Lennox International, Inc. has a 1-year low of $140.97 and a 1-year high of $201.40. The firm has a 50 day moving average of $178.37 and a 200-day moving average of $175.15.
Lennox International (NYSE:LII) last posted its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. Lennox International’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 earnings per share. Equities analysts predict that Lennox International, Inc. will post $7.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.07%. Lennox International’s dividend payout ratio is currently 28.90%.
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LII has been the topic of several recent research reports. Cowen and Company reaffirmed a “buy” rating on shares of Lennox International in a report on Monday, July 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $171.00 target price on shares of Lennox International in a report on Thursday, September 7th. BidaskClub downgraded Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Wolfe Research initiated coverage on Lennox International in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Lennox International presently has an average rating of “Hold” and a consensus target price of $183.17.
Several institutional investors have recently bought and sold shares of LII. Thrivent Financial For Lutherans boosted its holdings in shares of Lennox International by 9.5% during the first quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the construction company’s stock worth $1,218,000 after purchasing an additional 630 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Lennox International by 4.6% during the first quarter. Driehaus Capital Management LLC now owns 6,180 shares of the construction company’s stock worth $1,034,000 after purchasing an additional 271 shares during the period. Copper Rock Capital Partners LLC boosted its holdings in shares of Lennox International by 308.7% during the second quarter. Copper Rock Capital Partners LLC now owns 2,632 shares of the construction company’s stock worth $403,000 after purchasing an additional 1,988 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in shares of Lennox International during the second quarter worth about $576,000. Finally, Denali Advisors LLC boosted its holdings in shares of Lennox International by 457.1% during the second quarter. Denali Advisors LLC now owns 7,800 shares of the construction company’s stock worth $1,432,000 after purchasing an additional 6,400 shares during the period. Institutional investors own 68.43% of the company’s stock.
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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