Lennox International Inc. (NYSE:LII) EVP Terry L. Johnston sold 3,651 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $211.27, for a total transaction of $771,346.77. Following the transaction, the executive vice president now directly owns 25,893 shares of the company’s stock, valued at $5,470,414.11. The sale was disclosed in a document filed with the SEC, which is available through this link.
Lennox International Inc. (NYSE:LII) traded up $0.67 during midday trading on Friday, hitting $212.11. 646,777 shares of the stock traded hands, compared to its average volume of 315,449. Lennox International Inc. has a 1-year low of $160.18 and a 1-year high of $223.05. The company has a debt-to-equity ratio of 19.37, a current ratio of 1.74 and a quick ratio of 1.00. The firm has a market cap of $8,737.71, a price-to-earnings ratio of 29.73, a PEG ratio of 1.05 and a beta of 1.20.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The business had revenue of $891.80 million during the quarter, compared to analyst estimates of $906.85 million. During the same period in the previous year, the business posted $1.50 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. equities research analysts expect that Lennox International Inc. will post 10.17 earnings per share for the current year.
Lennox International declared that its board has approved a stock buyback plan on Wednesday, December 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 0.96%. Lennox International’s dividend payout ratio (DPR) is presently 28.53%.
Several brokerages have weighed in on LII. Stifel Nicolaus reissued a “hold” rating and set a $207.00 price objective (up from $193.00) on shares of Lennox International in a report on Monday, December 11th. UBS reissued a “neutral” rating and set a $215.00 price objective (down from $230.00) on shares of Lennox International in a report on Wednesday, February 7th. Barclays began coverage on shares of Lennox International in a report on Thursday, February 15th. They set an “overweight” rating and a $233.00 price objective for the company. Robert W. Baird decreased their price target on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Cowen reaffirmed a “buy” rating and issued a $210.00 price target on shares of Lennox International in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $205.38.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position 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. Impax Asset Management LTD lifted its position 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 position in Lennox International by 64.1% in the 4th quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock valued at $39,399,000 after purchasing an additional 73,865 shares during the last quarter. Schroder Investment Management Group lifted its position in Lennox International by 15.6% in the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock valued at $94,805,000 after purchasing an additional 72,804 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Lennox International by 49.3% in the 3rd quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock valued at $23,839,000 after purchasing an additional 44,000 shares during the last quarter. 69.77% of the stock is owned by institutional investors and hedge funds.
About Lennox International
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.
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