Lennox International Sees Unusually High Options Volume (LII)

Lennox International Inc. (NYSE:LII) was the target of unusually large options trading activity on Monday. Traders bought 2,007 put options on the stock. This represents an increase of 1,601% compared to the typical volume of 118 put options.

LII has been the subject of several research reports. Cowen reiterated a “buy” rating and set a $190.00 price objective on shares of Lennox International in a research note on Monday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Lennox International from $187.00 to $192.00 and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Credit Suisse Group reiterated a “neutral” rating and set a $180.00 price objective (up from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Morgan Stanley lifted their price objective on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Finally, Robert W. Baird restated a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Lennox International presently has an average rating of “Hold” and an average price target of $201.43.

Lennox International (NYSE:LII) traded up $3.70 during midday trading on Wednesday, reaching $203.73. 273,022 shares of the company were exchanged, compared to its average volume of 305,575. The firm has a market capitalization of $8,430.38, a P/E ratio of 28.24, a PEG ratio of 1.00 and a beta of 1.17. Lennox International has a 52 week low of $157.37 and a 52 week high of $223.05. The company has a quick ratio of 1.00, a current ratio of 1.74 and a debt-to-equity ratio of 19.37.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a dividend of $0.51 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.04 dividend on an annualized basis and a yield of 1.00%. Lennox International’s dividend payout ratio is presently 28.53%.

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

In other news, Chairman Todd M. Bluedorn sold 12,901 shares of Lennox International stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $210.95, for a total transaction of $2,721,465.95. Following the completion of the sale, the chairman now directly owns 183,360 shares in the company, valued at $38,679,792. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Prakash Bedapudi sold 3,201 shares of Lennox International stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $196.25, for a total transaction of $628,196.25. The disclosure for this sale can be found here. Insiders have sold 31,890 shares of company stock valued at $6,526,081 over the last quarter. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of LII. Ameriprise Financial Inc. lifted its position in Lennox International by 160.0% during the third 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 period. State Street Corp increased its holdings in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after buying an additional 128,170 shares in the last quarter. Impax Asset Management LTD increased its holdings in Lennox International by 168.6% in the fourth quarter. Impax Asset Management LTD now owns 135,574 shares of the construction company’s stock valued at $28,235,000 after buying an additional 85,097 shares in the last quarter. Fred Alger Management Inc. increased its holdings in Lennox International by 64.1% in the fourth quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock valued at $39,399,000 after buying an additional 73,865 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Lennox International by 15.6% in the third quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock valued at $94,805,000 after buying an additional 72,804 shares in the last quarter. Institutional investors own 68.56% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.themarketsdaily.com/2018/02/15/lennox-international-sees-unusually-high-options-volume-lii.html.

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.

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply