Insider Selling: Lennox International Inc. (LII) EVP Sells $146,885.30 in Stock

Lennox International Inc. (NYSE:LII) EVP Gary S. Bedard sold 622 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $236.15, for a total transaction of $146,885.30. Following the sale, the executive vice president now owns 18,537 shares of the company’s stock, valued at $4,377,512.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Lennox International stock opened at $233.22 on Friday. The firm has a market capitalization of $9.39 billion, a P/E ratio of 24.68, a PEG ratio of 0.99 and a beta of 0.98. Lennox International Inc. has a fifty-two week low of $177.36 and a fifty-two week high of $239.00.

Lennox International (NYSE:LII) last released its quarterly earnings data on Tuesday, February 5th. The construction company reported $1.93 EPS for the quarter, meeting the consensus estimate of $1.93. Lennox International had a net margin of 9.25% and a negative return on equity of 297.46%. The business had revenue of $843.60 million during the quarter, compared to the consensus estimate of $855.97 million. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue was up .5% on a year-over-year basis. On average, analysts expect that Lennox International Inc. will post 12.35 earnings per share for the current fiscal year.



The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, December 28th. Lennox International’s dividend payout ratio (DPR) is presently 27.18%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Lennox International by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 122,524 shares of the construction company’s stock valued at $26,759,000 after purchasing an additional 3,219 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Lennox International by 1.8% during the 4th quarter. New York State Common Retirement Fund now owns 118,500 shares of the construction company’s stock valued at $25,935,000 after purchasing an additional 2,100 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Lennox International by 33.0% during the 4th quarter. Rhumbline Advisers now owns 102,468 shares of the construction company’s stock valued at $22,426,000 after purchasing an additional 25,438 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Lennox International by 8,333.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 50,600 shares of the construction company’s stock valued at $11,051,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Lennox International by 0.9% in the 3rd quarter. Teachers Advisors LLC now owns 47,035 shares of the construction company’s stock valued at $10,272,000 after acquiring an additional 430 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on LII shares. Barclays restated a “buy” rating and issued a $232.00 price objective on shares of Lennox International in a research note on Thursday, December 13th. Robert W. Baird reduced their price objective on Lennox International from $228.00 to $224.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Stephens started coverage on Lennox International in a research note on Monday, November 19th. They issued an “equal weight” rating and a $229.00 price objective for the company. Credit Suisse Group upped their price objective on Lennox International from $234.00 to $253.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley restated an “underweight” rating on shares of Lennox International in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $225.60.

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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.

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Insider Buying and Selling by Quarter for Lennox International (NYSE:LII)

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