Insider Selling: Lennox International Inc. (NYSE:LII) EVP Sells $288,545.90 in Stock

Lennox International Inc. (NYSE:LII) EVP Gary S. Bedard sold 985 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $292.94, for a total value of $288,545.90. Following the sale, the executive vice president now owns 18,001 shares of the company’s stock, valued at $5,273,212.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LII stock opened at $278.90 on Monday. Lennox International Inc. has a twelve month low of $177.36 and a twelve month high of $298.49. The firm has a market capitalization of $10.94 billion, a P/E ratio of 29.61, a PEG ratio of 1.13 and a beta of 0.92. The business’s 50-day moving average price is $278.51.

Lennox International (NYSE:LII) last released its earnings results on Monday, April 22nd. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.29. Lennox International had a negative return on equity of 261.35% and a net margin of 10.17%. The business had revenue of $790.30 million for the quarter, compared to the consensus estimate of $748.63 million. During the same period last year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts predict that Lennox International Inc. will post 12.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from Lennox International’s previous quarterly dividend of $0.64. This represents a $3.08 dividend on an annualized basis and a yield of 1.10%. Lennox International’s dividend payout ratio (DPR) is 32.70%.

Several research firms have weighed in on LII. Vertical Research lowered Lennox International from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Robert W. Baird lowered Lennox International from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $246.00 to $272.00 in a research note on Tuesday, April 16th. UBS Group dropped their price objective on VF from $97.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Cowen lifted their price objective on Starbucks from $71.00 and gave the stock an “in-line” rating in a research note on Friday, June 28th. Finally, Barclays lifted their price objective on Lennox International from $270.00 to $291.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $252.92.

A number of hedge funds have recently added to or reduced their stakes in LII. Norges Bank acquired a new stake in Lennox International during the fourth quarter worth about $81,876,000. Geode Capital Management LLC boosted its holdings in Lennox International by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 344,708 shares of the construction company’s stock valued at $75,392,000 after purchasing an additional 26,780 shares in the last quarter. Denali Advisors LLC boosted its holdings in Lennox International by 173.8% during the first quarter. Denali Advisors LLC now owns 23,000 shares of the construction company’s stock valued at $6,081,000 after purchasing an additional 14,600 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Lennox International by 266.7% during the first quarter. SG Americas Securities LLC now owns 15,574 shares of the construction company’s stock valued at $4,118,000 after purchasing an additional 11,327 shares in the last quarter. Finally, New Amsterdam Partners LLC NY boosted its holdings in Lennox International by 541.0% during the first quarter. New Amsterdam Partners LLC NY now owns 10,500 shares of the construction company’s stock valued at $2,776,000 after purchasing an additional 8,862 shares in the last quarter. 71.90% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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