Insider Selling: Lennox International Inc. (NYSE:LII) EVP Sells 4,502 Shares of Stock
Lennox International Inc. (NYSE:LII) EVP Daniel M. Sessa sold 4,502 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $269.41, for a total transaction of $1,212,883.82. Following the sale, the executive vice president now owns 51,567 shares of the company’s stock, valued at approximately $13,892,665.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
LII stock opened at $268.14 on Friday. The firm has a 50 day moving average of $239.00 and a 200-day moving average of $220.06. Lennox International Inc. has a 12 month low of $163.40 and a 12 month high of $277.42. The firm has a market capitalization of $10.36 billion, a P/E ratio of 29.06 and a beta of 0.91.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, July 20th. The construction company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.35. Lennox International had a net margin of 9.53% and a negative return on equity of 145.33%. The company had revenue of $941.30 million during the quarter, compared to analyst estimates of $906.50 million. During the same period last year, the business earned $3.74 earnings per share. Lennox International’s revenue was down 14.4% compared to the same quarter last year. Analysts anticipate that Lennox International Inc. will post 8.58 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in LII. Squar Milner Financial Services LLC grew its stake in shares of Lennox International by 29.9% during the first quarter. Squar Milner Financial Services LLC now owns 434 shares of the construction company’s stock valued at $78,000 after buying an additional 100 shares during the last quarter. Forsta AP Fonden bought a new position in shares of Lennox International during the first quarter valued at about $218,000. AGF Investments Inc. bought a new position in shares of Lennox International during the first quarter valued at about $222,000. Cohen Lawrence B bought a new position in shares of Lennox International during the second quarter valued at about $223,000. Finally, Keebeck Alpha LP grew its stake in shares of Lennox International by 44.3% during the first quarter. Keebeck Alpha LP now owns 1,385 shares of the construction company’s stock valued at $252,000 after buying an additional 425 shares during the last quarter. 72.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on LII shares. Credit Suisse Group raised their price objective on shares of Lennox International from $234.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Barclays restated a “buy” rating and set a $222.00 price objective on shares of Lennox International in a report on Tuesday, April 21st. Deutsche Bank lifted their target price on shares of Lennox International from $233.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. TheStreet downgraded shares of Lennox International from a “b-” rating to a “c” rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lennox International from $160.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $226.67.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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