Lennox International Inc. (NYSE:LII) EVP Prakash Bedapudi sold 2,995 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $277.00, for a total value of $829,615.00. Following the sale, the executive vice president now owns 15,114 shares of the company’s stock, valued at $4,186,578. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE LII traded down $2.65 during trading hours on Monday, hitting $273.89. 220,631 shares of the stock were exchanged, compared to its average volume of 317,635. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.12 and a beta of 0.98. Lennox International Inc. has a 1-year low of $177.36 and a 1-year high of $278.58.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.29. The business had revenue of $790.30 million for the quarter, compared to analyst estimates of $748.63 million. Lennox International had a net margin of 10.17% and a negative return on equity of 261.35%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. Equities research analysts predict that Lennox International Inc. will post 12.32 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of LII. Norges Bank acquired a new stake in shares of Lennox International during the 4th quarter worth approximately $81,876,000. Geode Capital Management LLC boosted its position in Lennox International by 17.8% in the first quarter. Geode Capital Management LLC now owns 406,123 shares of the construction company’s stock valued at $107,310,000 after buying an additional 61,415 shares in the last quarter. Rhumbline Advisers boosted its position in Lennox International by 33.0% in the fourth quarter. Rhumbline Advisers now owns 102,468 shares of the construction company’s stock valued at $22,426,000 after buying an additional 25,438 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Lennox International in the first quarter valued at approximately $5,611,000. Finally, Denali Advisors LLC boosted its position in Lennox International by 173.8% in the first quarter. Denali Advisors LLC now owns 23,000 shares of the construction company’s stock valued at $6,081,000 after buying an additional 14,600 shares in the last quarter. Institutional investors and hedge funds own 70.47% of the company’s stock.
Several analysts recently issued reports on LII shares. Credit Suisse Group increased their price objective on Lennox International from $234.00 to $253.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Wells Fargo & Co increased their price target on shares of Lennox International from $230.00 to $242.00 and gave the company a “market perform” rating in a report on Wednesday, February 6th. Morgan Stanley set a $202.00 price target on shares of Lennox International and gave the company a “sell” rating in a report on Friday, February 8th. Goldman Sachs Group assumed coverage on shares of Lennox International in a report on Tuesday, March 5th. They set a “neutral” rating and a $236.00 target price on the stock. Finally, Deutsche Bank assumed coverage on shares of Lennox International in a report on Wednesday, March 13th. They set a “hold” rating and a $256.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $254.49.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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