Lennox International Inc. (LII) Insider Sells $75,449.43 in Stock

Lennox International Inc. (NYSE:LII) insider Gary S. Bedard sold 369 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $204.47, for a total value of $75,449.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lennox International Inc. (NYSE LII) opened at $208.40 on Monday. The company has a debt-to-equity ratio of 23.87, a current ratio of 1.24 and a quick ratio of 0.72. Lennox International Inc. has a 1-year low of $146.90 and a 1-year high of $210.88. The company has a market cap of $8,705.67, a PE ratio of 26.86, a P/E/G ratio of 1.55 and a beta of 1.22.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 EPS for the quarter, beating the Zacks’ consensus estimate of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $2.33 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. research analysts expect that Lennox International Inc. will post 7.92 earnings per share for the current year.

A number of brokerages have recently weighed in on LII. Morgan Stanley raised their price objective on Lennox International from $161.00 to $166.00 and gave the company an “underweight” rating in a research report on Monday, September 25th. Cowen reaffirmed a “buy” rating and issued a $210.00 price target on shares of Lennox International in a report on Wednesday, November 29th. Wolfe Research reaffirmed a “peer perform” rating on shares of Lennox International in a report on Tuesday, October 3rd. Cleveland Research assumed coverage on shares of Lennox International in a report on Tuesday, October 3rd. They issued a “neutral” rating for the company. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $180.00 price target (up previously from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Lennox International currently has an average rating of “Hold” and an average price target of $186.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in LII. Ameriprise Financial Inc. lifted its stake in Lennox International by 160.0% in the third quarter. Ameriprise Financial Inc. now owns 290,008 shares of the construction company’s stock worth $51,905,000 after purchasing an additional 178,481 shares during the last quarter. State Street Corp lifted its stake in Lennox International by 10.2% in the second quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after purchasing an additional 128,170 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Lennox International in the second quarter worth about $20,855,000. Schroder Investment Management Group lifted its stake in Lennox International by 15.6% in the third quarter. Schroder Investment Management Group now owns 538,915 shares of the construction company’s stock worth $94,805,000 after purchasing an additional 72,804 shares during the last quarter. Finally, Quantitative Investment Management LLC lifted its stake in Lennox International by 124.9% in the second quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock worth $21,926,000 after purchasing an additional 66,300 shares during the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.

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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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