Lennox International (NYSE:LII) EVP Sells 829 Shares of Stock

Lennox International, Inc. (NYSE:LII) EVP Daniel Sessa sold 829 shares of Lennox International stock in a transaction on Monday, November 9th. The stock was sold at an average price of $353.17, for a total value of $292,777.93. Following the completion of the sale, the executive vice president directly owned 34,640 shares of the company’s stock, valued at approximately $12,233,808.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Lennox International Stock Performance

Shares of NYSE:LII traded down $2.88 during midday trading on Tuesday, hitting $346.59. The company had a trading volume of 192,478 shares, compared to its average volume of 507,214. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.00 and a beta of 1.19. Lennox International, Inc. has a 12-month low of $322.00 and a 12-month high of $587.27. The company has a fifty day moving average of $362.92 and a two-hundred day moving average of $466.93.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business posted $6.98 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts expect that Lennox International, Inc. will post 21.39 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $5.44 dividend on an annualized basis and a yield of 1.6%. Lennox International’s payout ratio is currently 25.24%.

Hedge Funds Weigh In On Lennox International

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of Lennox International by 6.6% during the 3rd quarter. Signaturefd LLC now owns 531 shares of the construction company’s stock worth $189,000 after acquiring an additional 33 shares during the period. Glenmede Trust Co. NA increased its position in Lennox International by 4.0% during the first quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock worth $421,000 after purchasing an additional 35 shares during the last quarter. BOKF NA raised its stake in Lennox International by 2.0% during the third quarter. BOKF NA now owns 2,551 shares of the construction company’s stock worth $906,000 after purchasing an additional 49 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Lennox International by 30.9% in the 3rd quarter. Harbour Investments Inc. now owns 246 shares of the construction company’s stock valued at $87,000 after purchasing an additional 58 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Lennox International by 2.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,328 shares of the construction company’s stock valued at $815,000 after purchasing an additional 62 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LII shares. Morgan Stanley cut their price objective on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Stephens lowered shares of Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price target on the stock. in a report on Thursday, October 29th. BNP Paribas Exane reduced their price target on Lennox International from $450.00 to $350.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft cut Lennox International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $609.00 to $444.00 in a research report on Monday, September 14th. Finally, Oppenheimer downgraded Lennox International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $444.85.

Lennox International Company Profile

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.