Lennox International Inc. (NYSE:LII) EVP Daniel M. Sessa sold 4,502 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $269.41, for a total value of $1,212,883.82. Following the transaction, the executive vice president now owns 51,567 shares of the company’s stock, valued at approximately $13,892,665.47. The transaction was disclosed in a filing with the SEC, which is available at this link.
LII stock opened at $268.14 on Friday. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 29.06 and a beta of 0.91. The business’s fifty day moving average price is $239.00 and its two-hundred day moving average price is $220.06. Lennox International Inc. has a fifty-two week low of $163.40 and a fifty-two week high of $277.42.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 20th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.35. The firm had revenue of $941.30 million for the quarter, compared to analysts’ expectations of $906.50 million. Lennox International had a negative return on equity of 145.33% and a net margin of 9.53%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.74 EPS. Equities research analysts expect that Lennox International Inc. will post 8.58 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, June 29th. Lennox International’s payout ratio is 27.52%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Squar Milner Financial Services LLC increased its position in shares of Lennox International by 29.9% in the first quarter. Squar Milner Financial Services LLC now owns 434 shares of the construction company’s stock worth $78,000 after purchasing an additional 100 shares during the period. Forsta AP Fonden acquired a new stake in Lennox International in the first quarter valued at about $218,000. AGF Investments Inc. acquired a new stake in Lennox International in the first quarter valued at about $222,000. Cohen Lawrence B acquired a new stake in shares of Lennox International during the second quarter valued at about $223,000. Finally, Keebeck Alpha LP boosted its stake in shares of Lennox International by 44.3% during the first quarter. Keebeck Alpha LP now owns 1,385 shares of the construction company’s stock valued at $252,000 after purchasing an additional 425 shares in the last quarter. Institutional investors own 72.25% of the company’s stock.
A number of equities analysts have issued reports on the company. Credit Suisse Group increased their target price on Lennox International from $234.00 to $257.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lowered their target price on Lennox International from $160.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, April 22nd. UBS Group increased their target price on Lennox International from $198.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. TheStreet cut Lennox International from a “b-” rating to a “c” rating in a report on Monday, April 6th. Finally, Barclays restated a “buy” rating and issued a $222.00 price objective on shares of Lennox International in a report on Tuesday, April 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $226.67.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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