Lennox International Inc. (NYSE:LII) COO Joseph Nassab Sells 1,117 Shares

Lennox International Inc. (NYSE:LII) COO Joseph Nassab sold 1,117 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $393.40, for a total value of $439,427.80. Following the completion of the sale, the chief operating officer now owns 6,177 shares in the company, valued at $2,430,031.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lennox International Trading Down 0.9 %

Lennox International stock opened at $392.98 on Tuesday. The firm has a 50-day moving average of $374.99 and a 200-day moving average of $342.07. Lennox International Inc. has a one year low of $232.00 and a one year high of $396.77. The company has a debt-to-equity ratio of 7.03, a current ratio of 1.39 and a quick ratio of 0.79. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.20 and a beta of 0.96.

Lennox International (NYSE:LII) last issued its earnings results on Thursday, October 26th. The construction company reported $5.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.73 by $0.64. Lennox International had a net margin of 10.97% and a negative return on equity of 2,262.68%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $4.10 EPS. Lennox International’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts expect that Lennox International Inc. will post 17.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley boosted their target price on Lennox International from $378.00 to $407.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Barclays increased their price target on Lennox International from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 4th. TheStreet upgraded shares of Lennox International from a “c” rating to a “b” rating in a research report on Thursday, July 27th. TD Cowen upped their price objective on shares of Lennox International from $370.00 to $410.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Finally, Wells Fargo & Company upped their price objective on shares of Lennox International from $400.00 to $410.00 in a research report on Monday, October 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Lennox International currently has a consensus rating of “Moderate Buy” and an average target price of $392.09.

Institutional Investors Weigh In On Lennox International

Hedge funds have recently bought and sold shares of the company. Impax Asset Management Group plc lifted its position in Lennox International by 4.0% during the first quarter. Impax Asset Management Group plc now owns 636,200 shares of the construction company’s stock worth $159,067,000 after acquiring an additional 24,536 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Lennox International by 5.1% during the second quarter. Geode Capital Management LLC now owns 515,049 shares of the construction company’s stock worth $167,691,000 after buying an additional 24,870 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lennox International by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after buying an additional 10,227 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Lennox International by 55.0% during the first quarter. Russell Investments Group Ltd. now owns 110,763 shares of the construction company’s stock worth $27,613,000 after buying an additional 39,312 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Lennox International by 2.4% during the second quarter. Rhumbline Advisers now owns 101,530 shares of the construction company’s stock worth $33,106,000 after purchasing an additional 2,351 shares during the period. 67.85% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Company Profile

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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.