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

Lennox International Inc. (NYSE:LII) Director Sherry Buck sold 500 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. This represents a 22.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lennox International Stock Up 1.4 %

Shares of NYSE LII traded up $8.93 during mid-day trading on Friday, reaching $668.97. 72,240 shares of the company traded hands, compared to its average volume of 271,350. The company’s fifty day moving average is $615.68 and its two-hundred day moving average is $570.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. Lennox International Inc. has a fifty-two week low of $397.34 and a fifty-two week high of $682.50. The stock has a market cap of $23.83 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.02 and a beta of 1.07.

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

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.69%. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LII. Royal Bank of Canada increased their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Barclays lifted their target price on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Mizuho upped their price target on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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 report on Monday, October 7th. Finally, Robert W. Baird boosted their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $575.54.

Institutional Investors Weigh In On Lennox International

A number of hedge funds have recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Lennox International during the 1st quarter worth about $15,416,000. Driehaus Capital Management LLC acquired a new position in shares of Lennox International during the second quarter worth approximately $11,115,000. Geode Capital Management LLC boosted its position in shares of Lennox International by 2.2% in the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after acquiring an additional 12,183 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Lennox International by 1,065.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock worth $4,635,000 after acquiring an additional 7,012 shares during the last quarter. Finally, Achmea Investment Management B.V. increased its position in Lennox International by 7.3% during the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after acquiring an additional 5,673 shares during the period. 67.07% of the stock is currently owned by institutional investors.

Lennox International Company Profile

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.