Lennox International Inc. (NYSE:LII) VP Chris Kosel sold 416 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $252.00, for a total transaction of $104,832.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE:LII traded down $3.23 during midday trading on Friday, reaching $257.13. 290,642 shares of the company’s stock were exchanged, compared to its average volume of 269,929. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.04 and a beta of 0.98. Lennox International Inc. has a 12 month low of $177.36 and a 12 month high of $262.31.
Lennox International (NYSE:LII) last released its quarterly earnings data on Tuesday, February 5th. The construction company reported $1.93 EPS for the quarter, hitting analysts’ consensus estimates of $1.93. The company had revenue of $843.60 million during the quarter, compared to the consensus estimate of $855.97 million. Lennox International had a net margin of 9.25% and a negative return on equity of 297.46%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. As a group, equities research analysts predict that Lennox International Inc. will post 12.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, March 29th. Lennox International’s payout ratio is 27.18%.
Several analysts recently commented on the stock. Cowen reissued a “buy” rating and set a $220.00 target price on shares of Lennox International in a research note on Thursday, December 13th. Deutsche Bank started coverage on shares of Lennox International in a research note on Wednesday, March 13th. They issued a “hold” rating and a $256.00 price objective on the stock. Credit Suisse Group lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $253.00 to $255.00 in a research note on Wednesday, March 6th. Buckingham Research initiated coverage on shares of Lennox International in a report on Monday, December 10th. They set a “neutral” rating and a $219.00 price objective for the company. Finally, Wells Fargo & Co upped their price objective on shares of Lennox International from $230.00 to $242.00 and gave the stock a “market perform” rating in a report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $229.17.
Several large investors have recently added to or reduced their stakes in LII. Russell Investments Group Ltd. lifted its holdings in shares of Lennox International by 74.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 13,000 shares of the construction company’s stock worth $2,836,000 after acquiring an additional 5,569 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lennox International by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 122,524 shares of the construction company’s stock worth $26,759,000 after purchasing an additional 3,219 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Lennox International by 9.3% during the 3rd quarter. Toronto Dominion Bank now owns 4,037 shares of the construction company’s stock worth $881,000 after purchasing an additional 342 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Lennox International by 243,000.0% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 2,431 shares of the construction company’s stock worth $531,000 after purchasing an additional 2,430 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Lennox International by 8,333.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 50,600 shares of the construction company’s stock worth $11,051,000 after purchasing an additional 50,000 shares in the last quarter. 68.17% of the stock is owned by institutional investors.
Lennox International Company Profile
Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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