Lennox International, Inc. (NYSE:LII – Get Free Report) EVP Daniel Sessa sold 829 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $353.17, for a total value of $292,777.93. Following the sale, the executive vice president owned 34,640 shares of the company’s stock, valued at $12,233,808.80. This represents a 2.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Lennox International Trading Down 0.8%
Shares of Lennox International stock traded down $2.88 during trading hours on Tuesday, reaching $346.59. The stock had a trading volume of 192,478 shares, compared to its average volume of 507,214. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 2.00 and a beta of 1.19. Lennox International, Inc. has a 1 year low of $322.00 and a 1 year high of $587.27. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $362.92 and a two-hundred day simple moving average of $466.93.
Lennox International (NYSE:LII – Get Free Report) last issued its earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.98 EPS. As a group, equities research analysts anticipate that Lennox International, Inc. will post 21.39 earnings per share for the current year.
Lennox International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Lennox International’s payout ratio is currently 25.24%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on LII. Deutsche Bank Aktiengesellschaft downgraded shares of Lennox International from a “buy” rating to a “hold” rating and cut their target price for the company from $609.00 to $444.00 in a research note on Monday, September 14th. Mizuho set a $350.00 price target on shares of Lennox International in a research report on Thursday, October 29th. Weiss Ratings downgraded Lennox International from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. BNP Paribas Exane cut their price objective on Lennox International from $450.00 to $350.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Finally, Morgan Stanley reduced their price objective on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Lennox International has a consensus rating of “Hold” and a consensus target price of $444.85.
View Our Latest Analysis on Lennox International
Institutional Investors Weigh In On Lennox International
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. BlackRock Inc. acquired a new stake in shares of Lennox International in the 2nd quarter valued at about $1,704,846,000. Beacon Pointe Advisors LLC bought a new position in shares of Lennox International during the second quarter valued at approximately $239,217,000. Bank of America Corp DE acquired a new stake in shares of Lennox International during the 2nd quarter worth approximately $196,075,000. Deutsche Bank AG acquired a new stake in shares of Lennox International during the 2nd quarter worth approximately $159,181,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Lennox International by 3.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,782 shares of the construction company’s stock worth $137,956,000 after purchasing an additional 7,397 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.
About Lennox International
Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.
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