Lennox International (NYSE:LII) EVP Daniel Sessa Sells 829 Shares of Company Stock

Lennox International, Inc. (NYSE:LII) EVP Daniel Sessa sold 829 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $353.17, for a total value of $292,777.93. Following the transaction, the executive vice president owned 34,640 shares in the company, valued at $12,233,808.80. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lennox International Trading Down 0.6%

LII opened at $347.54 on Wednesday. The stock has a market cap of $11.89 billion, a PE ratio of 16.13, a PEG ratio of 1.94 and a beta of 1.19. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $362.21 and a 200-day moving average of $466.12. Lennox International, Inc. has a 52 week low of $322.00 and a 52 week high of $587.27.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.45). The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.98 earnings per share. Equities research analysts predict that Lennox International, Inc. will post 21.39 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 annualized dividend and a yield of 1.6%. Lennox International’s dividend payout ratio (DPR) is currently 25.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Lennox International from $424.00 to $355.00 and set an “equal weight” rating for the company in a research note on Thursday, October 29th. Mizuho set a $350.00 price objective on shares of Lennox International in a research note on Thursday, October 29th. William Blair restated an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. The Goldman Sachs Group downgraded shares of Lennox International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $547.00 to $390.00 in a research note on Wednesday, October 14th. Finally, Weiss Ratings downgraded shares of Lennox International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Lennox International has an average rating of “Hold” and an average target price of $444.85.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC bought a new position in shares of Lennox International during the second quarter valued at $37,000. SBI Securities Co. Ltd. raised its position in shares of Lennox International by 3,500.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Burkett Financial Services LLC purchased a new position in shares of Lennox International in the 3rd quarter worth about $26,000. Global Retirement Partners LLC purchased a new position in shares of Lennox International in the 2nd quarter worth about $50,000. Finally, Gen Wealth Partners Inc bought a new position in Lennox International in the 3rd quarter worth about $32,000. 67.07% of the stock is owned by institutional investors.

About Lennox International

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.