Lennox International Inc. (NYSE:LII) Director Sherry Buck Sells 500 Shares

Lennox International Inc. (NYSE:LII) Director Sherry Buck sold 500 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the transaction, the director now owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lennox International Trading Down 0.9 %

NYSE LII opened at $578.75 on Tuesday. Lennox International Inc. has a 1-year low of $334.53 and a 1-year high of $594.65. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock has a 50-day moving average of $556.34 and a 200-day moving average of $506.36. The firm has a market cap of $20.62 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the company posted $6.15 EPS. Lennox International’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Lennox International Inc. will post 20.27 EPS for the current year.

Analysts Set New Price Targets

LII has been the subject of several recent analyst reports. Royal Bank of Canada boosted their target price on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. KeyCorp boosted their target price on Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Barclays upped their price objective on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company cut Lennox International from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $543.62.

Institutional Investors Weigh In On Lennox International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Magnolia Capital Advisors LLC bought a new stake in shares of Lennox International in the 2nd quarter valued at about $300,000. Driehaus Capital Management LLC bought a new position in Lennox International during the 2nd quarter valued at approximately $11,115,000. Dorsey Wright & Associates raised its position in Lennox International by 2.6% during the 2nd quarter. Dorsey Wright & Associates now owns 3,768 shares of the construction company’s stock valued at $2,016,000 after purchasing an additional 96 shares during the last quarter. Toronto Dominion Bank raised its position in Lennox International by 2.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock valued at $1,669,000 after purchasing an additional 66 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Lennox International by 5.0% during the 2nd quarter. Pacer Advisors Inc. now owns 7,306 shares of the construction company’s stock valued at $3,909,000 after purchasing an additional 349 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

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. 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.