John D. Torres Sells 6,685 Shares of Lennox International Inc. (LII) Stock
Lennox International Inc. (NYSE:LII) EVP John D. Torres sold 6,685 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $168.01, for a total value of $1,123,146.85. Following the completion of the sale, the executive vice president now directly owns 10,397 shares in the company, valued at $1,746,799.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lennox International Inc. (NYSE:LII) opened at 171.65 on Tuesday. Lennox International Inc. has a 12-month low of $130.34 and a 12-month high of $172.96. The company has a market cap of $7.38 billion, a P/E ratio of 27.15 and a beta of 1.10. The firm has a 50-day moving average price of $163.92 and a 200-day moving average price of $156.46.
Lennox International (NYSE:LII) last released its quarterly earnings results on Tuesday, February 7th. The company reported $1.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.07. The firm earned $897 million during the quarter, compared to analyst estimates of $883.46 million. Lennox International had a return on equity of 6,021.68% and a net margin of 7.63%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.11 EPS. On average, analysts forecast that Lennox International Inc. will post $7.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, March 29th. Lennox International’s payout ratio is 27.17%.
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LII has been the topic of a number of recent research reports. Morgan Stanley cut Lennox International from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $169.00 to $156.00 in a research note on Monday, December 19th. Vertical Research reissued a “hold” rating on shares of Lennox International in a research note on Wednesday, December 14th. Finally, Stifel Nicolaus increased their target price on Lennox International from $160.00 to $171.00 and gave the stock a “hold” rating in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $158.13.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LII. Norges Bank bought a new position in Lennox International during the fourth quarter valued at approximately $57,541,000. Thrivent Financial for Lutherans raised its position in Lennox International by 8.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,650 shares of the company’s stock valued at $1,019,000 after buying an additional 490 shares during the last quarter. Cigna Investments Inc. New bought a new position in Lennox International during the fourth quarter valued at approximately $232,000. Congress Asset Management Co. MA bought a new position in Lennox International during the fourth quarter valued at approximately $58,858,000. Finally, Elkfork Partners LLC bought a new position in Lennox International during the fourth quarter valued at approximately $343,000. 68.82% of the stock is owned by hedge funds and other institutional investors.
Lennox International Company Profile
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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