Lennox International Inc. (LII) Sets New 52-Week High at $151.67
Shares of Lennox International Inc. (NYSE:LII) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $151.67 and last traded at $151.32, with a volume of 176,112 shares trading hands. The stock had previously closed at $150.96.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Lennox International from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a research note on Thursday. Morgan Stanley reaffirmed a “hold” rating and issued a $159.00 target price on shares of Lennox International in a research report on Wednesday. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lennox International in a research report on Saturday, July 9th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a research report on Tuesday, April 19th. Finally, Barclays PLC upped their target price on Lennox International from $126.00 to $137.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 19th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $143.64.
The firm has a market cap of $6.55 billion and a PE ratio of 34.46. The firm’s 50 day moving average price is $141.88 and its 200 day moving average price is $132.45.
Lennox International (NYSE:LII) last posted its earnings results on Monday, July 18th. The company reported $2.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.18. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned $1.84 EPS. Lennox International’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that Lennox International Inc. will post $6.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a $0.43 dividend. The ex-dividend date was Tuesday, June 28th. This is an increase from Lennox International’s previous quarterly dividend of $0.36. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.15%.
In related news, CEO Todd M. Bluedorn sold 28,184 shares of Lennox International stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $134.42, for a total value of $3,788,493.28. Following the sale, the chief executive officer now owns 238,727 shares of the company’s stock, valued at approximately $32,089,683.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Roy A. Rumbough sold 1,410 shares of Lennox International stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $151.23, for a total transaction of $213,234.30. Following the completion of the sale, the chief accounting officer now directly owns 3,934 shares in the company, valued at approximately $594,938.82. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of LII. California Public Employees Retirement System boosted its stake in Lennox International by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 184,300 shares of the company’s stock worth $23,019,000 after buying an additional 7,400 shares during the period. Rail Splitter Capital Management LLC boosted its stake in Lennox International by 9.4% in the fourth quarter. Rail Splitter Capital Management LLC now owns 129,043 shares of the company’s stock worth $16,117,000 after buying an additional 11,085 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Lennox International by 47.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 124,521 shares of the company’s stock worth $15,553,000 after buying an additional 39,947 shares during the period. US Bancorp DE boosted its stake in Lennox International by 7.1% in the fourth quarter. US Bancorp DE now owns 22,189 shares of the company’s stock worth $2,772,000 after buying an additional 1,475 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Lennox International during the fourth quarter worth approximately $1,366,000.
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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