Lennox International, Inc. (LII) EVP Douglas L. Young Sells 3,759 Shares
Lennox International, Inc. (NYSE:LII) EVP Douglas L. Young sold 3,759 shares of Lennox International stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $192.60, for a total value of $723,983.40. Following the transaction, the executive vice president now directly owns 57,396 shares of the company’s stock, valued at approximately $11,054,469.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.09. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $2.33 EPS. Lennox International’s revenue for the quarter was up 4.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a $0.51 dividend. The ex-dividend date of this dividend 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 (DPR) is 28.90%.
Large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its position in shares of Lennox International by 114.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock valued at $103,000 after purchasing an additional 300 shares during the period. Huntington National Bank boosted its position in shares of Lennox International by 16.7% in the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after purchasing an additional 81 shares during the period. YorkBridge Wealth Partners LLC boosted its position in shares of Lennox International by 4.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock valued at $119,000 after purchasing an additional 28 shares during the period. Calamos Advisors LLC acquired a new position in shares of Lennox International in the 2nd quarter valued at $213,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Lennox International in the 2nd quarter valued at $239,000. Institutional investors and hedge funds own 68.43% of the company’s stock.
Several research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on Lennox International from $187.00 to $192.00 and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Morgan Stanley lifted their price target on Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a research note on Tuesday, October 24th. Cowen and Company reissued a “buy” rating and issued a $190.00 target price on shares of Lennox International in a research note on Monday, October 23rd. Finally, BidaskClub downgraded shares of Lennox International from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Lennox International currently has an average rating of “Hold” and a consensus price target of $183.17.
Lennox International Company Profile
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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