Insider Selling: Lennox International Inc. (LII) Director Sells $106,030.00 in Stock

Lennox International Inc. (NYSE:LII) Director Paul W. Schmidt sold 500 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $212.06, for a total value of $106,030.00. Following the completion of the transaction, the director now directly owns 2,145 shares of the company’s stock, valued at $454,868.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE:LII opened at $215.34 on Friday. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. Lennox International Inc. has a 1 year low of $177.36 and a 1 year high of $229.98.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, October 22nd. The construction company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.20). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.05 billion. Lennox International had a negative return on equity of 474.74% and a net margin of 8.31%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 earnings per share. Equities research analysts predict that Lennox International Inc. will post 8.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $2.56 annualized dividend and a dividend yield of 1.19%. Lennox International’s dividend payout ratio is currently 32.32%.

A number of research firms have issued reports on LII. Robert W. Baird decreased their target price on Lennox International from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. TheStreet raised Lennox International from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. ValuEngine raised Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Seaport Global Securities cut Lennox International from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. They noted that the move was a valuation call. Finally, Morgan Stanley reissued an “underweight” rating on shares of Lennox International in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $220.75.

Hedge funds have recently bought and sold shares of the company. First Hawaiian Bank acquired a new position in shares of Lennox International during the third quarter worth about $113,000. TRUE Private Wealth Advisors acquired a new position in shares of Lennox International during the third quarter worth about $134,000. Advisors Preferred LLC boosted its position in shares of Lennox International by 354.7% during the second quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock worth $126,000 after buying an additional 493 shares during the period. Advisor Partners LLC acquired a new position in shares of Lennox International during the third quarter worth about $214,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Lennox International by 583.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock worth $319,000 after buying an additional 1,359 shares during the period. 67.81% of the stock is owned by institutional investors.

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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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