Lennox International (LII) Sets New 12-Month High at $250.92

Lennox International Inc. (NYSE:LII) hit a new 52-week high on Wednesday . The company traded as high as $250.92 and last traded at $248.70, with a volume of 100374 shares traded. The stock had previously closed at $247.44.

A number of equities research analysts recently weighed in on LII shares. Barclays restated a “buy” rating and set a $232.00 price objective on shares of Lennox International in a research report on Thursday, December 13th. Cowen reaffirmed a “buy” rating and set a $220.00 target price on shares of Lennox International in a report on Thursday, December 13th. Stephens assumed coverage on Lennox International in a report on Monday, November 19th. They set an “equal weight” rating and a $229.00 target price on the stock. Deutsche Bank assumed coverage on Lennox International in a report on Wednesday. They set a “hold” rating and a $256.00 target price on the stock. Finally, Wells Fargo & Co lifted their target price on Lennox International from $230.00 to $242.00 and gave the stock a “market perform” rating in a report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $229.17.

The company has a market cap of $9.87 billion, a PE ratio of 26.35, a PEG ratio of 1.01 and a beta of 0.98.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Tuesday, February 5th. The construction company reported $1.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.93. The company had revenue of $843.60 million for the quarter, compared to the consensus estimate of $855.97 million. Lennox International had a negative return on equity of 297.46% and a net margin of 9.25%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. Sell-side analysts forecast that Lennox International Inc. will post 12.29 EPS for the current fiscal year.

In other news, COO Douglas L. Young sold 7,871 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $246.48, for a total value of $1,940,044.08. Following the transaction, the chief operating officer now directly owns 68,289 shares of the company’s stock, valued at approximately $16,831,872.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Terry L. Johnston sold 7,172 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $245.53, for a total value of $1,760,941.16. Following the completion of the transaction, the chief operating officer now directly owns 27,131 shares in the company, valued at $6,661,474.43. The disclosure for this sale can be found here. Insiders sold a total of 20,993 shares of company stock worth $5,153,690 over the last three months. 3.90% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in LII. Russell Investments Group Ltd. increased its position in Lennox International by 74.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,000 shares of the construction company’s stock valued at $2,836,000 after buying an additional 5,569 shares in the last quarter. Advisor Partners LLC bought a new stake in Lennox International in the 3rd quarter valued at about $214,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in Lennox International by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 122,524 shares of the construction company’s stock valued at $26,759,000 after buying an additional 3,219 shares in the last quarter. Toronto Dominion Bank increased its position in Lennox International by 9.3% in the 3rd quarter. Toronto Dominion Bank now owns 4,037 shares of the construction company’s stock valued at $881,000 after buying an additional 342 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its position in Lennox International by 243,000.0% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 2,431 shares of the construction company’s stock valued at $531,000 after buying an additional 2,430 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors.

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Lennox International Company Profile (NYSE:LII)

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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