Lennox International Inc. (NYSE:LII) EVP Terry L. Johnston sold 3,651 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $211.27, for a total value of $771,346.77. Following the completion of the transaction, the executive vice president now owns 25,893 shares of the company’s stock, valued at $5,470,414.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Lennox International Inc. (NYSE:LII) opened at $212.11 on Friday. The firm has a market capitalization of $8,706.42, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.04 and a beta of 1.20. Lennox International Inc. has a 1-year low of $160.18 and a 1-year 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 quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.03. The business had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. Lennox International’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. equities analysts anticipate that Lennox International Inc. will post 10.17 EPS for the current fiscal year.
Lennox International announced that its board has authorized a share buyback plan on Wednesday, December 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of LII. Ameriprise Financial Inc. increased its holdings in Lennox International by 160.0% in 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. Impax Asset Management LTD grew its holdings in Lennox International by 168.6% during the 4th quarter. Impax Asset Management LTD now owns 135,574 shares of the construction company’s stock worth $28,235,000 after acquiring an additional 85,097 shares during the period. Fred Alger Management Inc. grew its holdings in Lennox International by 64.1% during the 4th quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock worth $39,399,000 after acquiring an additional 73,865 shares during the period. Schroder Investment Management Group grew its holdings in Lennox International by 15.6% during the 3rd quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock worth $94,805,000 after acquiring an additional 72,804 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Lennox International by 49.3% during the 3rd quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock worth $23,839,000 after acquiring an additional 44,000 shares during the period. Institutional investors and hedge funds own 69.77% of the company’s stock.
LII has been the subject of a number of research reports. UBS initiated coverage on Lennox International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price target for the company. Stifel Nicolaus reiterated a “hold” rating and issued a $198.00 price target on shares of Lennox International in a research note on Friday, January 19th. Wells Fargo reiterated a “market perform” rating and issued a $210.00 price target (up from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Robert W. Baird dropped their price target on Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, Cowen reiterated a “buy” rating and issued a $210.00 price target on shares of Lennox International in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Lennox International has an average rating of “Hold” and a consensus target price of $205.38.
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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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