John E. Major Sells 1,000 Shares of Lennox International Inc. (NYSE:LII) Stock

Lennox International Inc. (NYSE:LII) Director John E. Major sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $257.83, for a total value of $257,830.00. Following the completion of the sale, the director now owns 1,894 shares of the company’s stock, valued at approximately $488,330.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Lennox International stock traded down $2.92 during midday trading on Thursday, reaching $258.48. 11,145 shares of the company’s stock traded hands, compared to its average volume of 296,780. The company has a market cap of $9.96 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The stock has a 50 day moving average of $268.49 and a 200-day moving average of $264.40. Lennox International Inc. has a 12 month low of $177.36 and a 12 month high of $298.49.

Lennox International (NYSE:LII) last announced its earnings results on Monday, July 22nd. The construction company reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.41). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. Lennox International had a net margin of 9.66% and a negative return on equity of 244.79%. Lennox International’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.67 EPS. Research analysts anticipate that Lennox International Inc. will post 11.63 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Aubrey Capital Management Ltd purchased a new position in shares of Lennox International in the 2nd quarter worth approximately $2,805,000. Harvest Fund Management Co. Ltd purchased a new position in Lennox International during the 2nd quarter valued at $82,000. MAI Capital Management boosted its holdings in Lennox International by 3.4% during the 2nd quarter. MAI Capital Management now owns 4,773 shares of the construction company’s stock valued at $1,313,000 after acquiring an additional 157 shares during the period. Private Capital Group LLC boosted its holdings in Lennox International by 5.8% during the 2nd quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock valued at $170,000 after acquiring an additional 46 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Lennox International by 29.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 159,876 shares of the construction company’s stock valued at $43,966,000 after acquiring an additional 36,679 shares during the period. Institutional investors own 70.87% of the company’s stock.

LII has been the subject of several recent research reports. Credit Suisse Group lowered their price objective on Lennox International from $282.00 to $265.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. UBS Group downgraded Lennox International from a “neutral” rating to a “sell” rating and set a $235.00 price objective for the company. in a research report on Friday, May 24th. Buckingham Research boosted their price objective on Lennox International from $273.00 to $276.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. downgraded Lennox International from a “neutral” rating to an “underweight” rating and set a $231.00 price objective for the company. in a research report on Monday, July 8th. Finally, ValuEngine downgraded Lennox International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $254.33.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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