Insider Selling: Lennox International (NYSE:LII) EVP Sells $292,777.93 in Stock

Lennox International, Inc. (NYSE:LII) EVP Daniel Sessa sold 829 shares of Lennox International stock in a transaction on Monday, November 9th. The shares were sold at an average price of $353.17, for a total value of $292,777.93. Following the completion of the transaction, the executive vice president owned 34,640 shares in the company, valued at $12,233,808.80. The trade was a 2.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lennox International Price Performance

LII stock opened at $348.08 on Friday. The stock has a 50-day moving average price of $361.16 and a two-hundred day moving average price of $464.51. Lennox International, Inc. has a 12-month low of $322.00 and a 12-month high of $587.27. The company has a current ratio of 1.21, a quick ratio of 0.57 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.91 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $6.98 earnings per share. As a group, research analysts predict that Lennox International, Inc. will post 21.39 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Lennox International’s dividend payout ratio is 25.24%.

Hedge Funds Weigh In On Lennox International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Lennox International during the second quarter worth $1,704,846,000. Beacon Pointe Advisors LLC purchased a new position in shares of Lennox International in the second quarter valued at $239,217,000. Bank of America Corp DE acquired a new stake in Lennox International during the 2nd quarter valued at $196,075,000. Deutsche Bank AG acquired a new stake in Lennox International during the 2nd quarter valued at $159,181,000. Finally, Bank of New York Mellon Corp acquired a new stake in Lennox International during the 2nd quarter valued at $109,955,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on LII shares. Zacks Research lowered shares of Lennox International from a “hold” rating to a “strong sell” rating in a report on Friday, October 30th. Oppenheimer downgraded shares of Lennox International from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 29th. Mizuho set a $350.00 price objective on shares of Lennox International in a research report on Thursday, October 29th. BNP Paribas Exane cut their target price on shares of Lennox International from $450.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Morgan Stanley reduced their target price on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a report on Thursday, October 15th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $444.85.

Lennox International Company Profile

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.