Insider Selling: Lennox International Inc. (NYSE:LII) Director Sells 500 Shares of Stock

Lennox International Inc. (NYSE:LII) Director Todd J. Teske sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the sale, the director now owns 7,911 shares of the company’s stock, valued at $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lennox International Trading Down 1.8 %

LII opened at $666.26 on Wednesday. Lennox International Inc. has a 1-year low of $397.34 and a 1-year high of $682.50. The stock has a market capitalization of $23.73 billion, a PE ratio of 31.64, a PEG ratio of 2.08 and a beta of 1.07. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $612.51 and a two-hundred day moving average price of $567.57.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $5.37 earnings per share. Lennox International’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Lennox International Inc. will post 21.1 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.69%. Lennox International’s dividend payout ratio is currently 21.84%.

Institutional Trading of Lennox International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in Lennox International during the third quarter worth about $27,000. Innealta Capital LLC acquired a new stake in Lennox International during the 2nd quarter worth $33,000. First Horizon Advisors Inc. bought a new position in Lennox International during the third quarter worth about $39,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Lennox International by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

Analysts Set New Price Targets

LII has been the topic of a number of recent analyst reports. Mizuho boosted their target price on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada raised their target price on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Barclays increased their price target on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $575.54.

About Lennox International

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.