Todd M. Bluedorn Sells 12,901 Shares of Lennox International Inc. (LII) Stock
Lennox International Inc. (NYSE:LII) Chairman Todd M. Bluedorn sold 12,901 shares of Lennox International stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $210.95, for a total value of $2,721,465.95. Following the completion of the transaction, the chairman now owns 183,360 shares of the company’s stock, valued at approximately $38,679,792. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Lennox International Inc. (LII) traded up $0.66 during midday trading on Monday, hitting $214.14. The stock had a trading volume of 139,118 shares, compared to its average volume of 196,940. The company has a quick ratio of 0.72, a current ratio of 1.24 and a debt-to-equity ratio of 23.87. Lennox International Inc. has a 1-year low of $147.54 and a 1-year high of $214.31. The firm has a market cap of $8,950.00, a price-to-earnings ratio of 30.16, a PEG ratio of 1.18 and a beta of 1.22.
Lennox International (NYSE:LII) last issued its earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.09. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $2.33 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts forecast that Lennox International Inc. will post 7.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, December 28th. Lennox International’s dividend payout ratio (DPR) is presently 28.73%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its position in shares of Lennox International by 114.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 563 shares of the construction company’s stock worth $103,000 after acquiring an additional 300 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Lennox International by 4.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after acquiring an additional 28 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Lennox International during the 2nd quarter worth about $213,000. Achmea Investment Management B.V. acquired a new stake in shares of Lennox International during the 2nd quarter worth about $239,000. Finally, Toronto Dominion Bank raised its position in shares of Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after acquiring an additional 1,146 shares in the last quarter. 68.78% of the stock is currently owned by institutional investors and hedge funds.
LII has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Lennox International from $161.00 to $166.00 and gave the company an “underweight” rating in a research note on Monday, September 25th. Cleveland Research initiated coverage on Lennox International in a research note on Tuesday, October 3rd. They issued a “neutral” rating for the company. Wolfe Research reiterated a “peer perform” rating on shares of Lennox International in a research note on Tuesday, October 3rd. Wells Fargo & Co lifted their price objective on Lennox International from $190.00 to $193.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $187.00 price objective on shares of Lennox International in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $191.83.
About Lennox International
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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