Lennox International, Inc. (LII) EVP Sells $1,485,192.52 in Stock
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%.
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.
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