Insider Selling: Lennox International Inc. (LII) VP Sells 416 Shares of Stock

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.

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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

Insider Buying and Selling by Quarter for Lennox International (NYSE:LII)

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