Lennox International Inc. (LII) CAO Sells $388,570.59 in Stock
Lennox International Inc. (NYSE:LII) CAO Roy A. Rumbough sold 2,259 shares of the stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $172.01, for a total value of $388,570.59. Following the completion of the sale, the chief accounting officer now directly owns 2,105 shares of the company’s stock, valued at approximately $362,081.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lennox International Inc. (NYSE:LII) traded down 0.22% during midday trading on Monday, reaching $171.65. The company’s stock had a trading volume of 145,797 shares. Lennox International Inc. has a 52-week low of $130.34 and a 52-week high of $172.96. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 27.15 and a beta of 1.10. The stock has a 50-day moving average price of $163.92 and a 200-day moving average price of $156.46.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.07. Lennox International had a return on equity of 6,021.68% and a net margin of 7.63%. The firm earned $897 million during the quarter, compared to analyst estimates of $883.46 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Lennox International Inc. will post $7.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 29th. Lennox International’s dividend payout ratio (DPR) is presently 27.17%.
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Several large investors have recently added to or reduced their stakes in the stock. Airain ltd bought a new stake in Lennox International during the third quarter worth $1,969,000. DIAM Co. Ltd. raised its stake in Lennox International by 656.0% in the third quarter. DIAM Co. Ltd. now owns 2,268 shares of the company’s stock worth $353,000 after buying an additional 1,968 shares during the period. US Bancorp DE raised its stake in Lennox International by 8.1% in the third quarter. US Bancorp DE now owns 26,700 shares of the company’s stock worth $4,194,000 after buying an additional 1,998 shares during the period. Bank of Hawaii bought a new stake in Lennox International during the third quarter worth $331,000. Finally, Hanseatic Management Services Inc. raised its stake in Lennox International by 10.1% in the third quarter. Hanseatic Management Services Inc. now owns 17,904 shares of the company’s stock worth $2,811,000 after buying an additional 1,641 shares during the period. 68.82% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on LII shares. Stifel Nicolaus increased their price target on Lennox International from $160.00 to $171.00 and gave the company a “hold” rating in a research note on Thursday, February 9th. Morgan Stanley cut Lennox International from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $169.00 to $156.00 in a research note on Monday, December 19th. Finally, Vertical Research reaffirmed a “hold” rating on shares of Lennox International in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Lennox International currently has a consensus rating of “Hold” and an average target price of $158.13.
Lennox International Company Profile
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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