Lennox International Inc. (NYSE:LII) EVP Daniel M. Sessa sold 6,150 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $206.15, for a total value of $1,267,822.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
LII stock opened at $209.61 on Wednesday. Lennox International Inc. has a 12 month low of $160.18 and a 12 month high of $223.05. The company has a quick ratio of 1.00, a current ratio of 1.74 and a debt-to-equity ratio of 19.37. The company has a market capitalization of $8,734.01, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.20.
Lennox International (NYSE:LII) last issued its earnings results on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.65 by $0.03. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The business had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. During the same quarter last year, the company earned $1.50 EPS. The firm’s revenue was down .6% compared to the same quarter last year. equities analysts expect that Lennox International Inc. will post 10.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be paid a $0.51 dividend. The ex-dividend date is Thursday, March 29th. This represents a $2.04 annualized dividend and a yield of 0.97%. Lennox International’s dividend payout ratio is currently 28.53%.
Lennox International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 13th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Several research analysts have recently weighed in on LII shares. Stifel Nicolaus reiterated a “hold” rating and set a $198.00 price target on shares of Lennox International in a research note on Friday, January 19th. Barclays initiated coverage on Lennox International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $233.00 target price for the company. Wells Fargo restated a “market perform” rating and issued a $210.00 target price (up previously from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. UBS restated a “neutral” rating and issued a $215.00 target price (down previously from $230.00) on shares of Lennox International in a research note on Wednesday, February 7th. Finally, Robert W. Baird cut their target price on Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $205.38.
Several institutional investors and hedge funds have recently modified their holdings of LII. Advisor Partners LLC bought a new stake in shares of Lennox International during the 4th quarter valued at about $216,000. Toronto Dominion Bank boosted its position in shares of Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after acquiring an additional 1,146 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Lennox International during the 4th quarter valued at about $409,000. Paloma Partners Management Co bought a new stake in shares of Lennox International during the 4th quarter valued at about $577,000. Finally, Price Capital Management Inc. bought a new stake in shares of Lennox International during the 4th quarter valued at about $638,000. Hedge funds and other institutional investors own 69.84% of the company’s stock.
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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