Insider Selling: Lennox International Inc. (NYSE:LII) CAO Sells 194 Shares of Stock

Lennox International Inc. (NYSE:LII) CAO Chris Kosel sold 194 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lennox International Trading Down 0.7 %

Shares of NYSE:LII opened at $609.81 on Tuesday. The company has a market capitalization of $21.70 billion, a PE ratio of 27.05, a PEG ratio of 2.36 and a beta of 1.10. Lennox International Inc. has a 12-month low of $445.63 and a 12-month high of $682.50. The business has a 50 day moving average of $622.61 and a two-hundred day moving average of $613.68. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. As a group, analysts forecast that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. Lennox International’s dividend payout ratio is presently 20.41%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Northcoast Research began coverage on shares of Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price on the stock. Royal Bank of Canada boosted their price objective on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Barclays dropped their price target on Lennox International from $674.00 to $665.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Finally, Mizuho cut Lennox International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $606.00.

Hedge Funds Weigh In On Lennox International

A number of large investors have recently bought and sold shares of LII. Mufg Securities Americas Inc. acquired a new stake in Lennox International in the fourth quarter valued at approximately $288,000. Lazard Asset Management LLC lifted its position in shares of Lennox International by 70,811.1% during the 4th quarter. Lazard Asset Management LLC now owns 6,382 shares of the construction company’s stock valued at $3,888,000 after buying an additional 6,373 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Lennox International by 3.8% in the 4th quarter. Driehaus Capital Management LLC now owns 38,259 shares of the construction company’s stock valued at $23,311,000 after acquiring an additional 1,411 shares during the period. Captrust Financial Advisors increased its holdings in Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company’s stock worth $57,326,000 after acquiring an additional 78,406 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Lennox International by 227.4% during the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock worth $46,398,000 after acquiring an additional 52,888 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.