Insider Selling: Lennox International Inc. (LII) EVP Sells 6,150 Shares of Stock

Lennox International Inc. (NYSE:LII) EVP Daniel M. Sessa sold 6,150 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $206.15, for a total transaction of $1,267,822.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lennox International stock traded down $3.33 on Monday, hitting $208.78. 210,929 shares of the company traded hands, compared to its average volume of 313,585. Lennox International Inc. has a 52-week low of $160.18 and a 52-week high of $223.05. The company has a debt-to-equity ratio of 19.37, a quick ratio of 1.00 and a current ratio of 1.74. The firm has a market cap of $8,734.01, a P/E ratio of 29.20, a PEG ratio of 1.05 and a beta of 1.20.

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Lennox International (NYSE:LII) last released its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The firm had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. sell-side analysts expect that Lennox International Inc. will post 10.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be issued a $0.51 dividend. The ex-dividend date is Thursday, March 29th. This represents a $2.04 dividend on an annualized basis and a yield of 0.98%. Lennox International’s payout ratio is 28.53%.

Lennox International announced that its board has approved a share buyback plan on Wednesday, December 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Several equities research analysts have recently issued reports on LII shares. Cowen reissued a “buy” rating and set a $210.00 target price on shares of Lennox International in a research note on Wednesday, November 29th. Stifel Nicolaus restated a “hold” rating and set a $207.00 price target (up previously from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wells Fargo restated a “market perform” rating and set a $210.00 price target (up previously from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. UBS restated a “neutral” rating and set a $215.00 price target (down previously from $230.00) on shares of Lennox International in a research report on Wednesday, February 7th. Finally, Robert W. Baird reduced their price target on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $205.38.

Hedge funds have recently added to or reduced their stakes in the business. Advisor Partners LLC acquired a new stake in Lennox International in the 4th quarter valued at about $216,000. Toronto Dominion Bank raised its holdings in Lennox International by 240.8% in the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after acquiring an additional 1,146 shares during the last quarter. We Are One Seven LLC acquired a new stake in Lennox International in the 4th quarter valued at about $409,000. Paloma Partners Management Co acquired a new stake in Lennox International in the 4th quarter valued at about $577,000. Finally, Price Capital Management Inc. acquired a new stake in Lennox International in the 4th quarter valued at about $638,000. Institutional investors own 69.84% of the company’s stock.

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About Lennox International

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

Insider Buying and Selling by Quarter for Lennox International (NYSE:LII)

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