Joseph William Reitmeier Sells 922 Shares of Lennox International, Inc. (LII) Stock

Lennox International, Inc. (NYSE:LII) CFO Joseph William Reitmeier sold 922 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $193.03, for a total value of $177,973.66. Following the completion of the sale, the chief financial officer now owns 14,233 shares in the company, valued at $2,747,395.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Lennox International, Inc. (LII) traded down 0.01% during trading on Tuesday, reaching $191.13. The company’s stock had a trading volume of 290,970 shares. Lennox International, Inc. has a 52-week low of $140.97 and a 52-week high of $201.40. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 27.53 and a beta of 1.15. The stock’s 50 day moving average price is $178.99 and its 200-day moving average price is $175.46.

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, topping the Zacks’ consensus estimate of $2.44 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. Lennox International had a return on equity of 1,657.93% and a net margin of 7.88%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.33 EPS. Equities analysts anticipate that Lennox International, Inc. will post $7.91 EPS for the current year.

The firm 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. The ex-dividend date was Thursday, September 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.07%. Lennox International’s dividend payout ratio is currently 28.90%.

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LII has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Lennox International from $190.00 to $193.00 and gave the company a “market perform” rating in a report on Friday, October 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $171.00 target price on shares of Lennox International in a report on Thursday, September 7th. BidaskClub cut Lennox International from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $180.00 target price (up from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Lennox International in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $183.17.

Several hedge funds have recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its position in shares of Lennox International by 4.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 648 shares of the construction company’s stock worth $119,000 after buying an additional 28 shares during the last quarter. World Asset Management Inc grew its position in shares of Lennox International by 2.2% in the 2nd quarter. World Asset Management Inc now owns 2,784 shares of the construction company’s stock worth $511,000 after buying an additional 61 shares during the last quarter. Huntington National Bank grew its position in shares of Lennox International by 16.7% in the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after buying an additional 81 shares during the last quarter. Arizona State Retirement System grew its position in shares of Lennox International by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,200 shares of the construction company’s stock worth $2,975,000 after buying an additional 100 shares during the last quarter. Finally, Dorsey Wright & Associates grew its position in shares of Lennox International by 0.5% in the 2nd quarter. Dorsey Wright & Associates now owns 21,830 shares of the construction company’s stock worth $4,009,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.

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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