Lennox International Inc. (LII) Hits New 52-Week High at $159.63
Lennox International Inc. (NYSE:LII) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $159.63 and last traded at $159.51, with a volume of 57,615 shares changing hands. The stock had previously closed at $158.76.
A number of equities research analysts have 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 Wednesday, June 29th. Credit Suisse Group AG restated a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Morgan Stanley restated a “hold” rating and set a $159.00 price target on shares of Lennox International in a report on Wednesday, July 20th. Finally, Susquehanna downgraded shares of Lennox International from a “positive” rating to a “neutral” rating and cut their price target for the company from $172.00 to $163.00 in a report on Monday, August 15th. Eleven investment analysts have rated the stock with a hold rating and five have issued 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 has a 50 day moving average of $154.76 and a 200-day moving average of $139.66. The company has a market cap of $6.92 billion and a P/E ratio of 31.52.
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, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.18. The company earned $1.02 billion during 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 quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict that Lennox International Inc. will post $6.76 earnings per share for the current fiscal year.
In related news, EVP Douglas L. Young sold 4,407 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $157.02, for a total transaction of $691,987.14. Following the completion of the transaction, the executive vice president now owns 64,859 shares in the company, valued at $10,184,160.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul W. Schmidt sold 600 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $136.84, for a total transaction of $82,104.00. Following the transaction, the director now owns 3,251 shares of the company’s stock, valued at approximately $444,866.84. 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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