Lennox International, Inc. (LII) VP Sells $61,943.07 in Stock
Lennox International, Inc. (NYSE:LII) VP Chris Kosel sold 357 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $173.51, for a total value of $61,943.07. Following the completion of the sale, the vice president now owns 1,379 shares in the company, valued at $239,270.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Lennox International, Inc. (NYSE:LII) opened at 172.40 on Wednesday. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 24.83 and a beta of 1.14. The firm has a 50-day moving average price of $181.66 and a 200-day moving average price of $170.99. Lennox International, Inc. has a 1-year low of $140.97 and a 1-year high of $192.58.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $2.53 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts expect that Lennox International, Inc. will post $8.02 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.51 dividend. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, June 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. Lennox International’s dividend payout ratio (DPR) is presently 29.35%.
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Several institutional investors have recently modified their holdings of LII. Schroder Investment Management Group raised its position in shares of Lennox International by 65.0% in the first quarter. Schroder Investment Management Group now owns 463,778 shares of the construction company’s stock valued at $78,021,000 after buying an additional 182,677 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Lennox International during the first quarter valued at about $21,738,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Lennox International during the second quarter valued at about $20,855,000. Hilton Capital Management LLC acquired a new position in shares of Lennox International during the second quarter valued at about $10,777,000. Finally, Quantitative Investment Management LLC raised its position in shares of Lennox International by 254.0% in the first quarter. Quantitative Investment Management LLC now owns 53,100 shares of the construction company’s stock valued at $8,883,000 after buying an additional 38,100 shares during the last quarter. Institutional investors own 69.49% of the company’s stock.
A number of brokerages have weighed in on LII. BidaskClub cut Lennox International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. UBS AG upped their price target on Lennox International from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a “hold” rating on shares of Lennox International in a research report on Tuesday, July 25th. Morgan Stanley reiterated an “underweight” rating and issued a $161.00 price target (down from $164.00) on shares of Lennox International in a research report on Tuesday, July 25th. Finally, Cowen and Company reiterated a “buy” rating on shares of Lennox International in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $176.71.
About Lennox International
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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