Lennox International Inc. (NYSE:LII) EVP John D. Torres sold 4,406 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $196.01, for a total value of $863,620.06. Following the completion of the transaction, the executive vice president now owns 6,254 shares of the company’s stock, valued at $1,225,846.54. The transaction was disclosed in a filing with the SEC, which is available at this link.
Lennox International Inc. (LII) traded down $1.78 during midday trading on Tuesday, hitting $200.03. The stock had a trading volume of 267,401 shares, compared to its average volume of 306,667. Lennox International Inc. has a 12 month low of $157.37 and a 12 month high of $223.05. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The company has a market cap of $8,273.73, a price-to-earnings ratio of 27.98, a PEG ratio of 0.98 and a beta of 1.17.
Lennox International (NYSE:LII) last released its earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.03. The company had revenue of $891.80 million during the quarter, compared to analyst estimates of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. Lennox International’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. sell-side analysts anticipate that Lennox International Inc. will post 10.17 earnings per share for the current year.
Lennox International declared that its board has approved a share repurchase plan on Wednesday, December 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently weighed in on LII shares. Cowen reissued a “buy” rating and issued a $190.00 target price on shares of Lennox International in a research note on Monday, October 23rd. Stifel Nicolaus boosted their target price on Lennox International from $187.00 to $192.00 and gave the company a “hold” rating in a research note on Tuesday, October 24th. Credit Suisse Group reissued a “neutral” rating and issued a $180.00 target price (up previously from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Morgan Stanley boosted their target price on Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a research note on Tuesday, October 24th. Finally, Robert W. Baird reissued a “buy” rating on shares of Lennox International in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Lennox International has an average rating of “Hold” and a consensus target price of $201.43.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LII. State Street Corp raised its position in Lennox International by 10.2% during the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares during the last quarter. Achmea Investment Management B.V. bought a new position in Lennox International during the 2nd quarter valued at approximately $239,000. Canada Pension Plan Investment Board bought a new position in Lennox International during the 3rd quarter valued at approximately $3,830,000. Tocqueville Asset Management L.P. raised its position in Lennox International by 60.0% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock valued at $716,000 after purchasing an additional 1,500 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Lennox International by 49.3% during the 3rd quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock valued at $23,839,000 after purchasing an additional 44,000 shares during the last quarter. 68.56% of the stock is owned by institutional investors and hedge funds.
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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