Insider Selling: Lennox International Inc. (NYSE:LII) Director Sells 500 Shares of Stock

Lennox International Inc. (NYSE:LII) Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the transaction, the director now owns 7,911 shares of the company’s stock, valued at $5,344,038.72. This represents a 5.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lennox International Trading Down 0.9 %

Shares of LII opened at $660.04 on Friday. Lennox International Inc. has a twelve month low of $397.34 and a twelve month high of $682.50. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $23.51 billion, a P/E ratio of 31.34, a PEG ratio of 2.02 and a beta of 1.07. The firm’s 50-day moving average is $614.80 and its two-hundred day moving average is $569.42.

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

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Northcoast Research started coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price on the stock. Wells Fargo & Company increased their price objective on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Royal Bank of Canada boosted their target price on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Mizuho upped their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $575.54.

Institutional Investors Weigh In On Lennox International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in Lennox International during the third quarter worth about $27,000. Innealta Capital LLC purchased a new position in shares of Lennox International during the 2nd quarter worth approximately $33,000. First Horizon Advisors Inc. acquired a new position in shares of Lennox International during the 3rd quarter worth approximately $39,000. Massmutual Trust Co. FSB ADV lifted its stake in Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Finally, Huntington National Bank grew its holdings in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after buying an additional 23 shares during the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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.