Insider Selling: Lennox International Inc. (LII) EVP Sells 4,406 Shares of Stock

Lennox International Inc. (NYSE:LII) EVP John D. Torres sold 4,406 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $196.01, for a total transaction of $863,620.06. Following the sale, the executive vice president now directly owns 6,254 shares of the company’s stock, valued at approximately $1,225,846.54. The sale was disclosed in a filing with the SEC, which is available at this link.

Lennox International Inc. (NYSE:LII) opened at $203.73 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.74 and a debt-to-equity ratio of 19.37. The firm has a market cap of $8,430.38, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17. Lennox International Inc. has a fifty-two week low of $157.37 and a fifty-two week high of $223.05.

Lennox International (NYSE:LII) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.03. The company had revenue of $891.80 million for the quarter, compared to analyst estimates of $906.85 million. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. Lennox International’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. equities research analysts predict that Lennox International Inc. will post 10.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.04 annualized dividend and a yield of 1.00%. Lennox International’s payout ratio is 28.53%.

Lennox International declared that its board has authorized a stock repurchase plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently bought and sold shares of LII. Ameriprise Financial Inc. boosted its holdings in Lennox International by 160.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock valued at $51,905,000 after purchasing an additional 178,481 shares during the last quarter. State Street Corp boosted its holdings in Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares during the last quarter. Impax Asset Management LTD boosted its holdings in Lennox International by 168.6% in the 4th quarter. Impax Asset Management LTD now owns 135,574 shares of the construction company’s stock valued at $28,235,000 after purchasing an additional 85,097 shares during the last quarter. Fred Alger Management Inc. lifted its holdings in shares of Lennox International by 64.1% in the 4th quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock worth $39,399,000 after acquiring an additional 73,865 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Lennox International by 15.6% in the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock worth $94,805,000 after acquiring an additional 72,804 shares during the last quarter. Institutional investors own 68.56% of the company’s stock.

Several analysts recently issued reports on LII shares. UBS Group started coverage on shares of Lennox International in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $230.00 price objective for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $180.00 price objective (up previously from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $198.00 price objective on shares of Lennox International in a research note on Friday, January 19th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $210.00 price objective (up previously from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Finally, Cowen reaffirmed a “buy” rating and set a $210.00 price objective on shares of Lennox International in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $201.43.

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Lennox International Company Profile

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

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

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