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.

Lennox International (NYSE:LII) last announced its earnings results on Tuesday, February 5th. The construction company reported $1.93 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.93. The firm had revenue of $843.60 million during the quarter, compared to analyst estimates of $855.97 million. Lennox International had a net margin of 9.25% and a negative return on equity of 297.46%. Lennox International’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. On average, equities analysts forecast that Lennox International will post 12.29 earnings per share for the current fiscal year.

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.

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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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