Lennox International (NYSE:LII) EVP Terry L. Johnston sold 3,651 shares of Lennox International stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $211.27, for a total transaction of $771,346.77. Following the completion of the transaction, the executive vice president now directly owns 25,893 shares in the company, valued at approximately $5,470,414.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE:LII opened at $199.90 on Friday. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. Lennox International has a one year low of $160.18 and a one year high of $223.05. The firm has a market capitalization of $8,446.60, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.01 and a beta of 1.17.
Lennox International (NYSE:LII) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The business had revenue of $891.80 million for the quarter, compared to the consensus estimate of $906.85 million. During the same period in the prior year, the company posted $1.50 earnings per share. Lennox International’s revenue was down .6% compared to the same quarter last year. analysts predict that Lennox International will post 10.16 earnings per share for the current fiscal year.
Lennox International announced that its board has authorized a stock buyback program on Wednesday, December 13th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.51 per share. The ex-dividend date is Thursday, March 29th. This represents a $2.04 annualized dividend and a yield of 1.02%. Lennox International’s dividend payout ratio is 25.76%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Lennox International by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 300,812 shares of the construction company’s stock worth $62,605,000 after purchasing an additional 3,549 shares during the period. Arizona State Retirement System lifted its position in Lennox International by 25.7% during the fourth quarter. Arizona State Retirement System now owns 27,060 shares of the construction company’s stock worth $5,636,000 after purchasing an additional 5,535 shares during the period. California Public Employees Retirement System lifted its position in Lennox International by 3.4% during the fourth quarter. California Public Employees Retirement System now owns 151,538 shares of the construction company’s stock worth $31,559,000 after purchasing an additional 4,936 shares during the period. Impax Asset Management AIFM Ltd bought a new stake in Lennox International during the third quarter worth about $4,478,000. Finally, Hilton Capital Management LLC lifted its position in Lennox International by 5.8% during the third quarter. Hilton Capital Management LLC now owns 62,063 shares of the construction company’s stock worth $11,107,000 after purchasing an additional 3,380 shares during the period. 69.84% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on LII shares. Stifel Nicolaus lifted their price target on shares of Lennox International from $206.00 to $218.00 and gave the company a “hold” rating in a research note on Wednesday, March 21st. Barclays assumed coverage on shares of Lennox International in a research report on Thursday, February 15th. They issued an “overweight” rating and a $233.00 price objective on the stock. Wells Fargo reissued a “market perform” rating and issued a $210.00 price objective (up previously 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 reissued a “neutral” rating and issued a $215.00 price objective (down previously from $230.00) on shares of Lennox International in a research report on Wednesday, February 7th. Finally, Robert W. Baird lowered their target price on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a report 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. Lennox International has an average rating of “Hold” and an average price target of $207.88.
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About Lennox International
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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