Insider Selling: Lennox International Inc. (NYSE:LII) Director Sells $1,148,100.00 in Stock

Lennox International Inc. (NYSE:LII) Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares of the company’s stock, valued at $4,828,334.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lennox International Trading Down 1.2 %

LII opened at $573.94 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International Inc. has a fifty-two week low of $334.53 and a fifty-two week high of $594.65. The company’s 50 day moving average price is $553.91 and its two-hundred day moving average price is $502.80. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.81 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. Lennox International’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.15 earnings per share. As a group, research analysts predict that Lennox International Inc. will post 20.27 earnings per share for the current year.

Institutional Investors Weigh In On Lennox International

Several institutional investors and hedge funds have recently made changes to their positions in LII. Swedbank AB acquired a new position in shares of Lennox International in the first quarter worth approximately $15,416,000. Driehaus Capital Management LLC bought a new position in Lennox International during the 2nd quarter worth approximately $11,115,000. SG Americas Securities LLC lifted its position in shares of Lennox International by 279.7% in the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after purchasing an additional 18,972 shares during the period. Forsta AP Fonden boosted its stake in shares of Lennox International by 165.0% in the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Lennox International during the fourth quarter worth $5,795,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LII. Robert W. Baird increased their price target on shares of Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. TD Cowen raised their target price on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a report on Friday, June 21st. KeyCorp boosted their price target on Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Stephens reaffirmed an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Finally, UBS Group lifted their target price on Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $543.62.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.