Lennox International Inc. (NYSE:LII) EVP Terry L. Johnston sold 3,651 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $211.27, for a total transaction of $771,346.77. Following the completion of the sale, the executive vice president now owns 25,893 shares in the company, valued at $5,470,414.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Lennox International Inc. (LII) traded down $0.76 on Thursday, reaching $211.44. The company had a trading volume of 263,363 shares, compared to its average volume of 309,005. The stock has a market cap of $8,739.36, a PE ratio of 29.68, a P/E/G ratio of 1.05 and a beta of 1.20. Lennox International Inc. has a 1 year low of $160.18 and a 1 year high of $223.05. The company has a debt-to-equity ratio of 19.37, a current ratio of 1.74 and a quick ratio of 1.00.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. The firm had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. Lennox International’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. equities analysts anticipate that Lennox International Inc. will post 10.17 EPS for the current year.
Lennox International declared that its board has authorized a stock buyback plan on Wednesday, December 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its stake in Lennox International by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 151,538 shares of the construction company’s stock valued at $31,559,000 after acquiring an additional 4,936 shares in the last quarter. Impax Asset Management AIFM Ltd purchased a new position in Lennox International during the 3rd quarter valued at about $4,478,000. Hilton Capital Management LLC grew its stake in Lennox International by 5.8% during the 3rd quarter. Hilton Capital Management LLC now owns 62,063 shares of the construction company’s stock valued at $11,107,000 after acquiring an additional 3,380 shares in the last quarter. Arizona State Retirement System grew its stake in Lennox International by 25.7% during the 4th quarter. Arizona State Retirement System now owns 27,060 shares of the construction company’s stock valued at $5,636,000 after acquiring an additional 5,535 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in Lennox International by 82.4% during the 4th quarter. Alps Advisors Inc. now owns 4,991 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 2,255 shares in the last quarter. 69.77% of the stock is currently owned by institutional investors.
LII has been the topic of several research reports. Cowen reiterated a “buy” rating and issued a $210.00 price target on shares of Lennox International in a research report on Wednesday, November 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $207.00 price target (up from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wells Fargo & Co reiterated a “market perform” rating and issued a $210.00 price target (up from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. UBS Group initiated coverage on shares of Lennox International in a research report on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price target on the stock. Finally, Robert W. Baird dropped their price target on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $205.38.
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Lennox International Company Profile
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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