Lennox International Inc. (NYSE:LII) CAO Roy A. Rumbough sold 2,259 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $172.01, for a total transaction of $388,570.59. Following the completion of the transaction, the chief accounting officer now owns 2,105 shares of the company’s stock, valued at $362,081.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Lennox International Inc. (NYSE:LII) opened at 164.61 on Monday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 26.04 and a beta of 1.10. Lennox International Inc. has a 12 month low of $131.90 and a 12 month high of $172.96. The company’s 50 day moving average is $165.85 and its 200-day moving average is $156.78.
Lennox International (NYSE:LII) last announced its earnings results on Tuesday, February 7th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.07. Lennox International had a net margin of 7.63% and a return on equity of 6,021.68%. The company had revenue of $897 million for the quarter, compared to analysts’ expectations of $883.46 million. During the same quarter in the previous year, the company posted $1.11 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Lennox International Inc. will post $7.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, March 29th. This represents a $1.72 annualized dividend and a yield of 1.04%. Lennox International’s dividend payout ratio (DPR) is presently 27.17%.
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A number of large investors have recently made changes to their positions in the company. Cigna Investments Inc. New acquired a new stake in shares of Lennox International during the fourth quarter valued at about $232,000. Genesee Valley Trust Co. acquired a new stake in shares of Lennox International during the third quarter valued at about $291,000. Charter Trust Co. boosted its stake in shares of Lennox International by 16.0% in the third quarter. Charter Trust Co. now owns 2,023 shares of the company’s stock valued at $318,000 after buying an additional 279 shares during the period. Bank of Hawaii acquired a new stake in shares of Lennox International during the third quarter valued at about $331,000. Finally, Elkfork Partners LLC acquired a new stake in shares of Lennox International during the fourth quarter valued at about $343,000. 68.82% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on LII. Stifel Nicolaus upped their price target on shares of Lennox International from $171.00 to $180.00 and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. Vertical Research reiterated a “hold” rating on shares of Lennox International in a research report on Wednesday, December 14th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $156.00 price target on shares of Lennox International in a research report on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $162.57.
About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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