Lennox International Inc. (NYSE:LII) CEO Todd M. Bluedorn sold 48,340 shares of the business’s stock in a transaction that occurred on Thursday, June 21st. The stock was sold at an average price of $204.71, for a total value of $9,895,681.40. Following the sale, the chief executive officer now directly owns 125,320 shares in the company, valued at approximately $25,654,257.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lennox International stock traded down $2.02 during mid-day trading on Friday, hitting $199.94. The company’s stock had a trading volume of 312,922 shares, compared to its average volume of 249,753. The company has a debt-to-equity ratio of -12.26, a quick ratio of 1.10 and a current ratio of 1.89. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. Lennox International Inc. has a twelve month low of $160.18 and a twelve month high of $223.05.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 23rd. The construction company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The firm had revenue of $834.80 million for the quarter, compared to analyst estimates of $805.54 million. Lennox International had a net margin of 7.73% and a negative return on equity of 14,731.92%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share. equities analysts predict that Lennox International Inc. will post 10.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be given a $0.64 dividend. This is a positive change from Lennox International’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, June 28th. This represents a $2.56 annualized dividend and a yield of 1.28%. Lennox International’s payout ratio is 25.76%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in Lennox International by 4.1% during the 1st quarter. Thrivent Financial for Lutherans now owns 8,530 shares of the construction company’s stock worth $1,743,000 after purchasing an additional 333 shares in the last quarter. Toronto Dominion Bank grew its position in Lennox International by 15.0% during the 1st quarter. Toronto Dominion Bank now owns 2,573 shares of the construction company’s stock worth $526,000 after purchasing an additional 336 shares in the last quarter. Mason Street Advisors LLC grew its position in Lennox International by 1.9% during the 1st quarter. Mason Street Advisors LLC now owns 18,883 shares of the construction company’s stock worth $3,859,000 after purchasing an additional 360 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in Lennox International by 12.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 3,516 shares of the construction company’s stock worth $732,000 after purchasing an additional 379 shares in the last quarter. Finally, Hilton Capital Management LLC grew its position in Lennox International by 0.7% during the 1st quarter. Hilton Capital Management LLC now owns 67,434 shares of the construction company’s stock worth $13,781,000 after purchasing an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.
Several brokerages recently commented on LII. Stifel Nicolaus reissued a “hold” rating and set a $210.00 target price (down previously from $218.00) on shares of Lennox International in a report on Tuesday, April 24th. TheStreet lowered shares of Lennox International from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Lennox International presently has a consensus rating of “Hold” and a consensus target price of $206.88.
About Lennox International
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.
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