Lennox International Inc. (NYSE:LII) VP Chris Kosel sold 67 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $205.24, for a total value of $13,751.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of LII traded up $2.10 during mid-day trading on Friday, hitting $207.32. The company’s stock had a trading volume of 213,944 shares, compared to its average volume of 304,109. The company has a debt-to-equity ratio of -12.26, a current ratio of 1.89 and a quick ratio of 1.10. The stock has a market capitalization of $8.46 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.05 and a beta of 1.19. Lennox International Inc. has a 1-year low of $160.18 and a 1-year high of $223.05.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 23rd. The construction company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $805.54 million. Lennox International had a negative return on equity of 14,731.92% and a net margin of 7.73%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. research analysts anticipate that Lennox International Inc. will post 10.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a $0.64 dividend. This is a boost from Lennox International’s previous quarterly dividend of $0.51. This represents a $2.56 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, June 28th. Lennox International’s dividend payout ratio (DPR) is currently 25.76%.
Lennox International announced that its board has approved a stock repurchase plan on Tuesday, February 6th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms recently issued reports on LII. TheStreet downgraded Lennox International from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Stifel Nicolaus restated a “hold” rating and set a $210.00 price target (down previously from $218.00) on shares of Lennox International in a research note on Tuesday, April 24th. Barclays began coverage on Lennox International in a research note on Thursday, February 15th. They set an “overweight” rating and a $233.00 price target on the stock. Robert W. Baird dropped their price target on Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, UBS restated a “neutral” rating and set a $215.00 price target (down previously from $230.00) on shares of Lennox International in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $206.88.
Institutional investors and hedge funds have recently bought and sold shares of the company. Optimum Investment Advisors acquired a new stake in shares of Lennox International in the 1st quarter valued at approximately $143,000. Advisor Partners LLC acquired a new stake in shares of Lennox International in the 4th quarter valued at approximately $216,000. Lido Advisors LLC acquired a new stake in shares of Lennox International in the 1st quarter valued at approximately $294,000. Lara May & Associates LLC acquired a new stake in shares of Lennox International in the 1st quarter valued at approximately $340,000. Finally, We Are One Seven LLC acquired a new stake in shares of Lennox International in the 4th quarter valued at approximately $409,000. 68.86% of the stock is owned by institutional investors and hedge funds.
Lennox International Company Profile
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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