Insider Selling: Lennox International Inc. (NYSE:LII) CAO Sells 194 Shares of Stock

Lennox International Inc. (NYSE:LII) CAO Chris Kosel sold 194 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lennox International Stock Performance

Shares of NYSE LII traded up $3.91 during midday trading on Monday, hitting $617.87. 131,795 shares of the company’s stock traded hands, compared to its average volume of 373,735. The firm has a fifty day moving average of $623.77 and a 200 day moving average of $613.31. Lennox International Inc. has a 1 year low of $445.63 and a 1 year high of $682.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, analysts forecast that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. Lennox International’s dividend payout ratio is currently 20.41%.

Institutional Trading of Lennox International

Hedge funds have recently bought and sold shares of the stock. Mufg Securities Americas Inc. purchased a new position in shares of Lennox International during the 4th quarter valued at about $288,000. Lazard Asset Management LLC raised its stake in Lennox International by 70,811.1% during the 4th quarter. Lazard Asset Management LLC now owns 6,382 shares of the construction company’s stock worth $3,888,000 after acquiring an additional 6,373 shares during the period. Driehaus Capital Management LLC lifted its holdings in Lennox International by 3.8% during the fourth quarter. Driehaus Capital Management LLC now owns 38,259 shares of the construction company’s stock valued at $23,311,000 after purchasing an additional 1,411 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock worth $57,326,000 after purchasing an additional 78,406 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Lennox International by 227.4% in the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock worth $46,398,000 after purchasing an additional 52,888 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LII. JPMorgan Chase & Co. increased their price objective on shares of Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Barclays cut their target price on Lennox International from $674.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company restated an “underweight” rating and issued a $580.00 price target (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Mizuho cut Lennox International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. Finally, Northcoast Research assumed coverage on Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average target price of $606.00.

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.