Lennox International Inc. (LII) Shares Down 0.7%
Lennox International Inc. (NYSE:LII) shares were down 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 changing hands. The stock had previously closed at $158.73.
A number of research analysts have issued reports on LII shares. Morgan Stanley lifted their price objective on Lennox International from $139.00 to $147.00 and gave the company an “equal weight” rating in a report on Tuesday, April 19th. Zacks Investment Research cut Lennox International from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Seaport Global Securities raised Lennox International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $122.00 to $165.00 in a report on Tuesday, April 19th. Robert W. Baird reaffirmed a “buy” rating on shares of Lennox International in a report on Tuesday, April 19th. Finally, Barclays PLC lifted their price target on Lennox International from $126.00 to $137.00 and gave the company an “equal weight” rating in a report on Tuesday, April 19th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $143.45.
The stock has a market capitalization of $6.86 billion and a PE ratio of 31.22. The company has a 50 day moving average price of $150.90 and a 200 day moving average price of $137.33.
Lennox International (NYSE:LII) last released its earnings results on Monday, July 18th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.18. During the same period last year, the company posted $1.84 earnings per share. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Lennox International Inc. will post $6.76 EPS for the current year.
In related news, insider Terry L. Johnston sold 2,113 shares of the company’s stock in a transaction on Monday, August 1st. The stock was 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 in the company, valued at approximately $3,006,297.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David W. Moon sold 4,500 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $151.16, for a total value of $680,220.00. Following the sale, the executive vice president now owns 106,368 shares of the company’s stock, valued at $16,078,586.88. The disclosure for this sale can be found here.
Several hedge funds have made changes to their positions in LII. 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 valued at $16,117,000 after buying an additional 11,085 shares in the last quarter. 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 valued at $15,553,000 after buying an additional 39,947 shares in the last quarter. 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 valued at $2,772,000 after buying an additional 1,475 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Lennox International during the fourth quarter valued at $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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