Lennox International Sees Unusually High Options Volume (LII)

Lennox International Inc. (NYSE:LII) was the target of unusually large options trading activity on Monday. Stock investors bought 2,007 put options on the company. This is an increase of 1,601% compared to the typical daily volume of 118 put options.

In other news, EVP John D. Torres sold 4,406 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $196.01, for a total transaction of $863,620.06. Following the transaction, the executive vice president now directly owns 6,254 shares of the company’s stock, valued at $1,225,846.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $210.95, for a total transaction of $2,721,465.95. Following the transaction, the chairman now directly owns 183,360 shares in the company, valued at $38,679,792. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,890 shares of company stock worth $6,526,081. Corporate insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Partners LLC acquired a new stake in Lennox International in the fourth quarter valued at approximately $216,000. Achmea Investment Management B.V. acquired a new stake in Lennox International in the second quarter valued at approximately $239,000. Toronto Dominion Bank boosted its stake in Lennox International by 240.8% in the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after acquiring an additional 1,146 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Lennox International in the fourth quarter valued at approximately $577,000. Finally, Price Capital Management Inc. acquired a new stake in Lennox International in the fourth quarter valued at approximately $638,000. Institutional investors own 68.56% of the company’s stock.

LII has been the topic of a number of research reports. Cowen reaffirmed a “buy” rating and set a $210.00 target price on shares of Lennox International in a research report on Wednesday, November 29th. Robert W. Baird reissued a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and set a $207.00 price objective (up from $193.00) on shares of Lennox International in a report on Monday, December 11th. Wells Fargo & Co reissued a “market perform” rating and set a $210.00 price objective (up from $193.00) on shares of Lennox International in a report on Thursday, December 14th. They noted that the move was a valuation call. Finally, Credit Suisse Group reissued a “neutral” rating and set a $180.00 price objective (up from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $201.43.

Shares of Lennox International (LII) traded up $3.70 during mid-day trading on Wednesday, reaching $203.73. 273,022 shares of the company traded hands, compared to its average volume of 305,575. The stock has a market capitalization of $8,430.38, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17. The company has a current ratio of 1.74, a quick ratio of 1.00 and a debt-to-equity ratio of 19.37. Lennox International has a 12 month low of $157.37 and a 12 month high of $223.05.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. The company had revenue of $891.80 million for the quarter, compared to analyst estimates of $906.85 million. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. Lennox International’s revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. analysts anticipate that Lennox International will post 10.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.51 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.04 annualized dividend and a yield of 1.00%. Lennox International’s dividend payout ratio (DPR) is 28.53%.

Lennox International announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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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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