Lennox International Inc. (LII) Hits New 12-Month High at $159.63
Lennox International Inc. (NYSE:LII) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $159.63 and last traded at $159.51, with a volume of 57,615 shares trading hands. The stock had previously closed at $158.76.
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Lennox International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Morgan Stanley reissued a “hold” rating and set a $159.00 price target on shares of Lennox International in a research note on Wednesday, July 20th. Credit Suisse Group AG reissued a “hold” rating on shares of Lennox International in a research note on Saturday, July 9th. Finally, Susquehanna downgraded shares of Lennox International from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $172.00 to $163.00 in a research note on Monday, August 15th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $143.45.
The stock’s 50-day moving average price is $153.96 and its 200 day moving average price is $139.20. The company has a market cap of $6.92 billion and a price-to-earnings ratio of 31.50.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, July 18th. The company reported $2.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.35 by $0.18. The business earned $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts predict that Lennox International Inc. will post $6.76 earnings per share for the current year.
In other Lennox International news, EVP Douglas L. Young sold 4,407 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $157.02, for a total value of $691,987.14. Following the completion of the transaction, the executive vice president now directly owns 64,859 shares in the company, valued at approximately $10,184,160.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Roy A. Rumbough sold 1,410 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $151.23, for a total value of $213,234.30. Following the completion of the transaction, the chief accounting officer now owns 3,934 shares of the company’s stock, valued at $594,938.82. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Lennox International stock. BNP Paribas Arbitrage SA boosted its position in shares of Lennox International Inc. (NYSE:LII) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,521 shares of the company’s stock after buying an additional 39,947 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.28% of Lennox International worth $15,553,000 at the end of the most recent quarter.
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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