Lennox International Inc. (LII) Sets New 1-Year High at $159.60
Lennox International Inc. (NYSE:LII)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $159.60 and last traded at $157.72, with a volume of 184,042 shares. The stock had previously closed at $158.72.
A number of equities research analysts have recently issued reports on LII shares. Zacks Investment Research lowered shares of Lennox International from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Morgan Stanley restated a “hold” rating and issued a $159.00 target price on shares of Lennox International in a research note on Wednesday, July 20th. Credit Suisse Group AG restated a “hold” rating on shares of Lennox International in a research note on Saturday, July 9th. Susquehanna upped their target price on shares of Lennox International from $132.00 to $165.00 and gave the company a “positive” rating in a research note on Thursday, April 14th. Finally, Robert W. Baird restated a “buy” rating on shares of Lennox International in a research note on Tuesday, April 19th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Lennox International presently has an average rating of “Hold” and an average target price of $143.64.
The company has a 50-day moving average of $149.32 and a 200-day moving average of $136.29. The stock has a market capitalization of $6.88 billion and a PE ratio of 31.34.
Lennox International (NYSE:LII) last posted its earnings results on Monday, July 18th. The company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.18. The firm earned $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 earnings per share. On average, equities analysts forecast that Lennox International Inc. will post $6.76 earnings per share for the current year.
In other Lennox International news, EVP David W. Moon sold 4,500 shares of the stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $151.16, for a total value of $680,220.00. Following the completion of the sale, the executive vice president now directly owns 106,368 shares of the company’s stock, valued at approximately $16,078,586.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Terry L. Johnston sold 2,113 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $156.35, for a total transaction of $330,367.55. Following the completion of the sale, the insider now directly owns 19,228 shares of the company’s stock, valued at $3,006,297.80. The disclosure for this sale can be found here.
Other hedge funds recently modified their holdings of the company. US Bancorp DE increased its stake in shares of 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. Rail Splitter Capital Management LLC increased its stake in shares of 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 increased its stake in shares of 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. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Lennox International during the fourth quarter worth $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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