Lennox International Inc. (NYSE:LII) EVP Prakash Bedapudi sold 2,995 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $277.00, for a total transaction of $829,615.00. Following the transaction, the executive vice president now owns 15,114 shares of the company’s stock, valued at approximately $4,186,578. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NYSE LII opened at $277.72 on Thursday. Lennox International Inc. has a 1 year low of $177.36 and a 1 year high of $282.20. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.12 and a beta of 0.98.

Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, April 22nd. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.29. Lennox International had a net margin of 10.17% and a negative return on equity of 261.35%. The company had revenue of $790.30 million during the quarter, compared to the consensus estimate of $748.63 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. Lennox International’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts forecast that Lennox International Inc. will post 12.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.11%. This is an increase from Lennox International’s previous quarterly dividend of $0.64. Lennox International’s dividend payout ratio is currently 27.18%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC acquired a new stake in shares of Lennox International during the fourth quarter worth about $25,000. One Wealth Advisors LLC acquired a new stake in shares of Lennox International during the first quarter worth about $30,000. Icon Wealth Partners LLC acquired a new stake in shares of Lennox International during the first quarter worth about $38,000. Huntington National Bank boosted its stake in shares of Lennox International by 196.6% during the first quarter. Huntington National Bank now owns 439 shares of the construction company’s stock worth $116,000 after buying an additional 291 shares during the period. Finally, Gofen & Glossberg LLC IL acquired a new stake in shares of Lennox International during the first quarter worth about $219,000. Institutional investors own 70.47% of the company’s stock.

A number of equities analysts recently commented on the stock. Cowen downgraded shares of Lennox International from an “outperform” rating to a “market perform” rating and set a $276.36 target price for the company. in a research note on Tuesday, April 9th. Robert W. Baird downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $246.00 to $272.00 in a research note on Tuesday, April 16th. Buckingham Research boosted their target price on shares of Lennox International from $236.00 to $275.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Barclays boosted their target price on shares of Lennox International from $258.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Co boosted their target price on shares of Lennox International from $242.00 to $250.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Lennox International presently has a consensus rating of “Hold” and an average price target of $254.49.

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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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