Key Points
- EVP Daniel Sessa sold 829 Lennox International shares for about $292,778 at an average price of $353.17, reducing his stake by 2.34% to 34,640 shares.
- Lennox reported quarterly EPS of $6.84, below analysts’ $7.29 estimate, while revenue of $1.57 billion matched expectations and rose 10.2% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $444.85. The company also pays a quarterly dividend of $1.36 per share, equivalent to a 1.6% yield.
Lennox International, Inc. (NYSE:LII - Get Free Report) EVP Daniel Sessa sold 829 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $353.17, for a total transaction of $292,777.93. Following the sale, the executive vice president owned 34,640 shares in the company, valued at approximately $12,233,808.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Lennox International Price Performance
Shares of NYSE LII opened at $347.54 on Wednesday. The firm has a market cap of $11.89 billion, a P/E ratio of 16.13, a PEG ratio of 1.94 and a beta of 1.19. Lennox International, Inc. has a twelve month low of $322.00 and a twelve month high of $587.27. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $362.21 and a 200 day moving average of $466.12.
Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.45). The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.57 billion. Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The business's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.98 earnings per share. As a group, research analysts expect that Lennox International, Inc. will post 21.39 EPS for the current fiscal year.
Lennox International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Lennox International's dividend payout ratio is presently 25.24%.
Analyst Upgrades and Downgrades
Several research firms recently commented on LII. Oppenheimer cut Lennox International from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 29th. Weiss Ratings cut shares of Lennox International from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, November 4th. BNP Paribas Exane lowered their target price on shares of Lennox International from $450.00 to $350.00 and set a "neutral" rating on the stock in a research note on Friday, October 30th. Mizuho set a $350.00 price target on shares of Lennox International in a report on Thursday, October 29th. Finally, The Goldman Sachs Group lowered shares of Lennox International from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $547.00 to $390.00 in a research note on Wednesday, October 14th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Lennox International has a consensus rating of "Hold" and an average target price of $444.85.
View Our Latest Stock Analysis on Lennox International
Institutional Investors Weigh In On Lennox International
A number of hedge funds have recently added to or reduced their stakes in LII. Private Advisor Group LLC boosted its stake in shares of Lennox International by 11.5% in the 3rd quarter. Private Advisor Group LLC now owns 1,516 shares of the construction company's stock worth $538,000 after buying an additional 156 shares during the last quarter. Ieq Capital LLC purchased a new stake in Lennox International during the third quarter valued at $630,000. Global Retirement Partners LLC lifted its holdings in Lennox International by 529.5% in the third quarter. Global Retirement Partners LLC now owns 554 shares of the construction company's stock valued at $197,000 after acquiring an additional 466 shares during the period. Rothschild Investment LLC lifted its holdings in Lennox International by 59.1% in the third quarter. Rothschild Investment LLC now owns 245 shares of the construction company's stock valued at $87,000 after acquiring an additional 91 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Lennox International by 1,076.2% in the 3rd quarter. Cibc World Market Inc. now owns 7,622 shares of the construction company's stock worth $2,706,000 after purchasing an additional 6,974 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.
Lennox International Company Profile
(
Get Free Report)
Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.
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