Lennox International Inc. (LII) Trading Down 0.7%
Lennox International Inc. (NYSE:LII)’s share price fell 0.7% during mid-day trading on Monday . The company traded as low as $156.67 and last traded at $157.65, with a volume of 134,700 shares traded. The stock had previously closed at $158.73.
A number of brokerages have issued reports on LII. Seaport Global Securities raised Lennox International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $122.00 to $165.00 in a report on Tuesday, April 19th. Zacks Investment Research cut Lennox International from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Morgan Stanley reaffirmed a “hold” rating and issued a $159.00 target price on shares of Lennox International in a report on Wednesday, July 20th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Finally, Barclays PLC upped their target price on Lennox International from $126.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Lennox International currently has an average rating of “Hold” and a consensus price target of $143.45.
The firm has a market cap of $6.76 billion and a P/E ratio of 30.76. The company’s 50 day moving average is $151.44 and its 200 day moving average is $137.59.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.18. During the same period in the prior year, the company posted $1.84 earnings per share. The business earned $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. The firm’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Lennox International Inc. will post $6.76 earnings per share for the current year.
In other news, Director Paul W. Schmidt sold 600 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $136.84, for a total value of $82,104.00. Following the completion of the sale, the director now directly owns 3,251 shares of the company’s stock, valued at $444,866.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Todd M. Bluedorn sold 29,552 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $153.53, for a total value of $4,537,118.56. Following the completion of the sale, the chairman now directly owns 236,733 shares of the company’s stock, valued at $36,345,617.49. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position 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 valued at $2,772,000 after buying an additional 1,475 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Lennox International during the fourth quarter valued at approximately $1,366,000. Rail Splitter Capital Management LLC boosted its position 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 valued at $16,117,000 after buying an additional 11,085 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position 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 valued at $15,553,000 after buying an additional 39,947 shares during the period.
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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