Lennox International Sees Unusually Large Options Volume (LII)
Lennox International Inc. (NYSE:LII) saw unusually large options trading activity on Wednesday. Stock investors acquired 1,007 put options on the company. This is an increase of 1,498% compared to the typical daily volume of 63 put options.
Several research firms have recently commented on LII. Deutsche Bank began coverage on shares of Lennox International in a research report on Wednesday, March 13th. They set a “hold” rating and a $256.00 price target for the company. Goldman Sachs Group began coverage on shares of Lennox International in a research report on Tuesday, March 5th. They set a “neutral” rating and a $236.00 price target for the company. Credit Suisse Group upped their price target on shares of Lennox International from $234.00 to $253.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 6th. Wells Fargo & Co upped their price target on shares of Lennox International from $230.00 to $242.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 6th. Finally, Barclays restated a “buy” rating and set a $232.00 price target on shares of Lennox International in a research report on Thursday, December 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $229.17.
Shares of LII opened at $256.59 on Thursday. The stock has a market capitalization of $10.08 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.03 and a beta of 0.98. Lennox International has a 52-week low of $177.36 and a 52-week high of $259.42.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a $0.64 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $2.56 dividend on an annualized basis and a yield of 1.00%. Lennox International’s dividend payout ratio is presently 27.18%.
In other Lennox International news, Chairman Todd M. Bluedorn sold 16,168 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $250.84, for a total transaction of $4,055,581.12. Following the sale, the chairman now directly owns 149,080 shares of the company’s stock, valued at $37,395,227.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 622 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $236.15, for a total transaction of $146,885.30. Following the transaction, the executive vice president now owns 18,537 shares of the company’s stock, valued at approximately $4,377,512.55. The disclosure for this sale can be found here. Insiders have sold 44,537 shares of company stock worth $11,055,976 over the last three months. 3.90% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Lennox International by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 344,708 shares of the construction company’s stock valued at $75,392,000 after buying an additional 26,780 shares in the last quarter. Norges Bank bought a new position in shares of Lennox International during the 4th quarter valued at about $81,876,000. Aurora Investment Counsel boosted its position in shares of Lennox International by 2.3% during the 4th quarter. Aurora Investment Counsel now owns 6,216 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 140 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Lennox International by 0.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 14,051 shares of the construction company’s stock valued at $3,075,000 after purchasing an additional 126 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Lennox International during the 4th quarter valued at about $1,904,000. Hedge funds and other institutional investors own 68.17% of the company’s stock.
About Lennox International
Lennox International Inc, through its subsidiaries, provides climate control solutions in North America, Europe, Russia, Turkey, the Middle East, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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