Insider Selling: Lennox International Inc. (LII) Director Sells 1,400 Shares of Stock

Lennox International Inc. (NYSE:LII) Director John W. Norris III sold 1,400 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $215.84, for a total value of $302,176.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

NYSE:LII opened at $211.75 on Friday. Lennox International Inc. has a fifty-two week low of $177.36 and a fifty-two week high of $229.98. The firm has a market cap of $8.73 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.26 and a beta of 1.10.

Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.92 by ($0.20). Lennox International had a net margin of 8.31% and a negative return on equity of 474.74%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $2.53 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that Lennox International Inc. will post 8.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued 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 yield of 1.21%. Lennox International’s payout ratio is presently 32.32%.

Large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank purchased a new stake in Lennox International during the 3rd quarter valued at $113,000. TRUE Private Wealth Advisors purchased a new stake in Lennox International during the 3rd quarter valued at $134,000. Advisors Preferred LLC raised its holdings in Lennox International by 354.7% during the 2nd quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock valued at $126,000 after buying an additional 493 shares during the period. Advisor Partners LLC purchased a new stake in Lennox International during the 3rd quarter valued at $214,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Lennox International by 583.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock valued at $319,000 after buying an additional 1,359 shares during the period. Institutional investors own 67.81% of the company’s stock.

LII has been the subject of a number of research reports. TheStreet upgraded Lennox International from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. ValuEngine upgraded Lennox International from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Robert W. Baird lowered their target price on Lennox International from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Cowen reiterated a “buy” rating and set a $240.00 target price on shares of Lennox International in a research report on Monday, October 22nd. Finally, Seaport Global Securities downgraded Lennox International from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $220.75.

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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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Insider Buying and Selling by Quarter for Lennox International (NYSE:LII)

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