Lennox International (NYSE:LII) Hits New 1-Year Low Following Insider Selling

Lennox International, Inc. (NYSE:LII)’s stock price hit a new 52-week low on Wednesday following insider selling activity. The stock traded as low as $478.08 and last traded at $472.43, with a volume of 205798 shares traded. The stock had previously closed at $487.39.

Specifically, Director Todd J. Teske sold 600 shares of Lennox International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $491.85, for a total transaction of $295,110.00. Following the completion of the sale, the director owned 7,581 shares of the company’s stock, valued at approximately $3,728,714.85. The trade was a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LII. Oppenheimer decreased their price objective on Lennox International from $730.00 to $675.00 and set an “outperform” rating for the company in a report on Wednesday, September 17th. Mizuho lowered their price objective on shares of Lennox International from $650.00 to $565.00 and set a “neutral” rating on the stock in a report on Friday, October 17th. Royal Bank Of Canada cut their price target on shares of Lennox International from $598.00 to $555.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 23rd. Wells Fargo & Company lowered their target price on Lennox International from $575.00 to $545.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Finally, Barclays decreased their price target on Lennox International from $730.00 to $700.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $600.17.

Lennox International Stock Down 2.2%

The firm’s 50 day simple moving average is $527.47 and its two-hundred day simple moving average is $563.38. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.78. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.89 and a beta of 1.10.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share for the quarter, topping analysts’ consensus estimates of $6.69 by $0.29. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm posted $6.68 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. On average, equities analysts forecast that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Tuesday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.1%. Lennox International’s payout ratio is currently 21.95%.

Institutional Investors Weigh In On Lennox International

A number of institutional investors have recently added to or reduced their stakes in the business. Amundi grew its position in shares of Lennox International by 33.1% during the 1st quarter. Amundi now owns 189,571 shares of the construction company’s stock worth $103,661,000 after buying an additional 47,170 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Lennox International by 2.8% during the second quarter. Achmea Investment Management B.V. now owns 93,893 shares of the construction company’s stock valued at $53,823,000 after purchasing an additional 2,555 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Lennox International by 118.3% during the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company’s stock worth $51,932,000 after purchasing an additional 50,188 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Lennox International by 25.3% in the 1st quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company’s stock valued at $51,369,000 after buying an additional 18,502 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Lennox International by 296.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock valued at $41,168,000 after buying an additional 53,679 shares during the period. 67.07% of the stock is owned by institutional investors.

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.