Insider Selling: Lennox International Inc. (NYSE:LII) Director Sells $337,760.00 in Stock

Lennox International Inc. (NYSE:LII) Director Todd J. Teske sold 500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the transaction, the director now directly owns 7,911 shares of the company’s stock, valued at $5,344,038.72. The trade was a 5.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Lennox International Stock Down 0.9 %

Shares of NYSE:LII opened at $660.04 on Friday. Lennox International Inc. has a 52-week low of $397.34 and a 52-week high of $682.50. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $614.80 and a two-hundred day moving average of $569.42. The stock has a market cap of $23.51 billion, a P/E ratio of 31.34, a PEG ratio of 2.02 and a beta of 1.07.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $5.37 earnings per share. Lennox International’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.70%. Lennox International’s payout ratio is 21.84%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LII. Barclays upped their target price on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Mizuho increased their price objective on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company upped their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their price objective on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lennox International presently has an average rating of “Hold” and an average price target of $575.54.

Institutional Investors Weigh In On Lennox International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. Bessemer Group Inc. increased its position in shares of Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after purchasing an additional 121 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Lennox International in the 1st quarter valued at approximately $1,023,000. LRI Investments LLC acquired a new position in shares of Lennox International in the 1st quarter worth approximately $269,000. Swedbank AB purchased a new position in shares of Lennox International during the 1st quarter worth approximately $15,416,000. Finally, GAMMA Investing LLC increased its holdings in Lennox International by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 255 shares of the construction company’s stock valued at $136,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.