Lennox International Inc. (LII) Reaches New 12-Month High at $163.06
Lennox International Inc. (NYSE:LII) reached a new 52-week high during trading on Thursday . The company traded as high as $163.06 and last traded at $162.70, with a volume of 100,909 shares changing hands. The stock had previously closed at $161.07.
A number of equities research analysts have commented on the company. Wells Fargo & Co. reissued a “hold” rating on shares of Lennox International in a report on Wednesday. Susquehanna cut Lennox International from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $172.00 to $163.00 in a report on Monday, August 15th. Zacks Investment Research cut Lennox International from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. 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. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.45.
The stock’s 50-day moving average is $156.76 and its 200 day moving average is $141.11. The firm has a market capitalization of $7.09 billion and a price-to-earnings ratio of 32.29.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.18. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $1.84 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that Lennox International Inc. will post $6.76 EPS for the current fiscal year.
In related news, Director John W. Norris III sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $161.73, for a total transaction of $161,730.00. Following the completion of the transaction, the director now owns 266,339 shares in the company, valued at approximately $43,075,006.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Prakash Bedapudi sold 833 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $154.75, for a total transaction of $128,906.75. Following the transaction, the executive vice president now owns 16,440 shares of the company’s stock, valued at approximately $2,544,090. The disclosure for this sale can be found here.
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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