Investors Buy Shares of Lennox International, Inc. (LII) on Weakness
Traders bought shares of Lennox International, Inc. (NYSE:LII) on weakness during trading on Wednesday. $44.01 million flowed into the stock on the tick-up and $15.00 million flowed out of the stock on the tick-down, for a money net flow of $29.01 million into the stock. Of all equities tracked, Lennox International had the 28th highest net in-flow for the day. Lennox International traded down ($4.36) for the day and closed at $167.48
LII has been the subject of a number of recent analyst reports. BidaskClub raised Lennox International from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Cowen and Company raised their price objective on Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Wells Fargo & Company reissued a “market perform” rating and issued a $190.00 price objective (up previously from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Wolfe Research started coverage on Lennox International in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $161.00 price target (down previously from $164.00) on shares of Lennox International in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $177.50.
The stock has a market capitalization of $7.05 billion, a P/E ratio of 24.07 and a beta of 1.14. The company has a 50 day moving average price of $167.36 and a 200 day moving average price of $172.49.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.53 earnings per share. Equities analysts forecast that Lennox International, Inc. will post $8.00 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.22%. Lennox International’s payout ratio is 29.35%.
In other Lennox International news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total transaction of $1,944,330.25. Following the transaction, the chairman now owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the transaction, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,094 shares of company stock worth $2,409,181. Corporate insiders own 3.90% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Schroder Investment Management Group boosted its stake in shares of Lennox International by 65.0% during the first quarter. Schroder Investment Management Group now owns 463,778 shares of the construction company’s stock worth $78,021,000 after buying an additional 182,677 shares during the period. State Street Corp boosted its stake in shares of Lennox International by 10.2% during the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after buying an additional 128,170 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Lennox International during the second quarter worth about $20,855,000. Quantitative Investment Management LLC boosted its stake in shares of Lennox International by 124.9% during the second quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock worth $21,926,000 after buying an additional 66,300 shares during the period. Finally, Hilton Capital Management LLC acquired a new stake in shares of Lennox International during the second quarter worth about $10,777,000. 68.36% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.watchlistnews.com/investors-buy-shares-of-lennox-international-inc-lii-on-weakness/1563089.html.
About Lennox International
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.
Receive News & Ratings for Lennox International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.