Insider Selling: Lennox International Inc. (LII) EVP Sells 1,511 Shares of Stock
Lennox International Inc. (NYSE:LII) EVP Terry L. Johnston sold 1,511 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $203.77, for a total transaction of $307,896.47. Following the transaction, the executive vice president now directly owns 23,753 shares in the company, valued at $4,840,148.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Lennox International Inc. (LII) traded down $0.29 during midday trading on Thursday, reaching $206.39. 349,700 shares of the company were exchanged, compared to its average volume of 347,027. The firm has a market cap of $8,633.82, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.22. Lennox International Inc. has a 12-month low of $147.54 and a 12-month high of $213.78. The company has a debt-to-equity ratio of 23.87, a quick ratio of 0.72 and a current ratio of 1.24.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, October 23rd. The construction company reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 EPS. analysts predict that Lennox International Inc. will post 7.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a yield of 0.99%. Lennox International’s payout ratio is 28.90%.
Several institutional investors have recently added to or reduced their stakes in LII. Acrospire Investment Management LLC boosted its stake in shares of Lennox International by 114.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock worth $103,000 after purchasing an additional 300 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after purchasing an additional 28 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Lennox International during the 2nd quarter worth about $213,000. Achmea Investment Management B.V. acquired a new stake in shares of Lennox International during the 2nd quarter worth about $239,000. Finally, Toronto Dominion Bank boosted its stake in shares of Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after purchasing an additional 1,146 shares during the last quarter. 68.90% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on LII shares. Cowen reaffirmed a “buy” rating and set a $190.00 price target on shares of Lennox International in a research note on Monday, October 23rd. Robert W. Baird reissued a “buy” rating on shares of Lennox International in a research note on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating and issued a $207.00 price objective (up from $193.00) on shares of Lennox International in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Lennox International from $190.00 to $193.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $180.00 price objective (up from $171.00) 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, six have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $191.83.
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Lennox International Company Profile
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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