Lennox International (NYSE:LII) EVP Daniel M. Sessa sold 6,150 shares of Lennox International stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $206.15, for a total value of $1,267,822.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Lennox International stock opened at $200.98 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.74 and a debt-to-equity ratio of 19.37. Lennox International has a twelve month low of $160.18 and a twelve month high of $223.05. The stock has a market capitalization of $8,196.65, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.03. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The company had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $906.85 million. During the same period in the previous year, the firm posted $1.50 EPS. Lennox International’s revenue was down .6% compared to the same quarter last year. analysts forecast that Lennox International will post 10.16 earnings per share for the current fiscal year.
Lennox International announced that its board has initiated a stock buyback program on Wednesday, December 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 29th. Lennox International’s payout ratio is 25.76%.
Hedge funds have recently bought and sold shares of the stock. Advisor Partners LLC acquired a new stake in Lennox International in the 4th quarter worth about $216,000. Toronto Dominion Bank boosted its holdings in Lennox International by 240.8% in the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock worth $290,000 after buying an additional 1,146 shares during the last quarter. We Are One Seven LLC acquired a new stake in Lennox International in the 4th quarter worth about $409,000. Paloma Partners Management Co acquired a new stake in Lennox International in the 4th quarter worth about $577,000. Finally, Price Capital Management Inc. acquired a new stake in Lennox International in the 4th quarter worth about $638,000. Institutional investors own 69.84% of the company’s stock.
A number of equities analysts have weighed in on the company. UBS reiterated a “neutral” rating and set a $215.00 price objective (down previously from $230.00) on shares of Lennox International in a research note on Wednesday, February 7th. Barclays started coverage on Lennox International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $233.00 price target for the company. Wells Fargo restated a “market perform” rating and issued a $210.00 price target (up previously from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and issued a $198.00 price target on shares of Lennox International in a research note on Friday, January 19th. Finally, Robert W. Baird cut their price target on Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Lennox International presently has a consensus rating of “Hold” and an average target price of $207.88.
ILLEGAL ACTIVITY NOTICE: “Lennox International (LII) EVP Sells $1,267,822.50 in Stock” was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/04/11/insider-selling-lennox-international-inc-lii-evp-sells-6150-shares-of-stock.html.
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.
Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.