Lennox International, Inc. (NYSE:LII) EVP Douglas L. Young sold 7,658 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $193.94, for a total transaction of $1,485,192.52. Following the transaction, the executive vice president now owns 61,155 shares in the company, valued at approximately $11,860,400.70. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.44 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, September 28th. Lennox International’s payout ratio is presently 28.90%.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://theolympiareport.com/2017/11/02/lennox-international-inc-lii-evp-sells-1485192-52-in-stock.html.

Several institutional investors and hedge funds have recently modified their holdings of LII. State Street Corp raised its position in shares of Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock valued at $254,122,000 after purchasing an additional 128,170 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Lennox International in the second quarter valued at about $20,855,000. Quantitative Investment Management LLC raised its position in shares of Lennox International by 124.9% in the second quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock valued at $21,926,000 after purchasing an additional 66,300 shares during the period. Hilton Capital Management LLC bought a new position in shares of Lennox International in the second quarter valued at about $10,777,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of Lennox International by 176.6% in the second quarter. UBS Asset Management Americas Inc. now owns 75,947 shares of the construction company’s stock valued at $13,947,000 after purchasing an additional 48,486 shares during the period. 68.43% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on LII. Wolfe Research began coverage on shares of Lennox International in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and set a $190.00 price target on shares of Lennox International in a report on Monday, October 23rd. Morgan Stanley raised their price target on shares of Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Lennox International currently has an average rating of “Hold” and a consensus target price of $183.17.

Lennox International Company Profile

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.

Insider Buying and Selling by Quarter for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.