Lennox International (NYSE:LII) Stock: Insider Daniel Sessa Sells 829 Shares

Lennox International, Inc. (NYSE:LII) EVP Daniel Sessa sold 829 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $353.17, for a total value of $292,777.93. Following the completion of the sale, the executive vice president directly owned 34,640 shares of the company’s stock, valued at $12,233,808.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Lennox International Stock Up 0.8%

Lennox International stock opened at $350.59 on Thursday. The stock’s 50 day moving average price is $361.68 and its 200 day moving average price is $465.33. Lennox International, Inc. has a 1-year low of $322.00 and a 1-year high of $587.27. The company has a market cap of $11.99 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the company posted $6.98 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that Lennox International, Inc. will post 21.39 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 dividend on an annualized basis and a yield of 1.6%. Lennox International’s payout ratio is currently 25.24%.

Institutional Trading of Lennox International

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Lennox International by 6.6% during the 3rd quarter. Signaturefd LLC now owns 531 shares of the construction company’s stock valued at $189,000 after buying an additional 33 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Lennox International by 4.0% during the first quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock valued at $421,000 after purchasing an additional 35 shares during the period. BOKF NA boosted its stake in shares of Lennox International by 2.0% in the third quarter. BOKF NA now owns 2,551 shares of the construction company’s stock valued at $906,000 after purchasing an additional 49 shares during the period. Harbour Investments Inc. boosted its stake in shares of Lennox International by 30.9% in the third quarter. Harbour Investments Inc. now owns 246 shares of the construction company’s stock valued at $87,000 after purchasing an additional 58 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Lennox International by 2.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,328 shares of the construction company’s stock valued at $815,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Wall Street Analysts Forecast Growth

LII has been the topic of several research analyst reports. William Blair reissued an “outperform” rating on shares of Lennox International in a research note on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on shares of Lennox International from $406.00 to $378.00 and set a “sector perform” rating for the company in a report on Thursday, October 29th. Oppenheimer lowered shares of Lennox International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. Stephens lowered Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 target price on the stock. in a research note on Thursday, October 29th. Finally, Morgan Stanley reduced their price objective on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $444.85.

About Lennox International

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.