Lennox International, Inc. (NYSE:LII) EVP Daniel M. Sessa Sells 2,782 Shares

Lennox International, Inc. (NYSE:LII - Get Free Report) EVP Daniel M. Sessa sold 2,782 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the sale, the executive vice president owned 31,574 shares of the company's stock, valued at approximately $21,155,842.96. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lennox International Trading Down 0.9%

NYSE:LII traded down $6.11 during mid-day trading on Monday, hitting $654.71. 444,297 shares of the company's stock were exchanged, compared to its average volume of 410,359. The company has a current ratio of 1.41, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $689.44. The company has a 50 day simple moving average of $581.98 and a 200-day simple moving average of $584.82. The firm has a market capitalization of $23.00 billion, a P/E ratio of 27.99, a PEG ratio of 2.12 and a beta of 1.13.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.90 by $0.92. Lennox International had a return on equity of 99.81% and a net margin of 15.41%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $6.83 EPS. Lennox International's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, May 30th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.79%. This is a boost from Lennox International's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 30th. Lennox International's dividend payout ratio (DPR) is presently 22.23%.

Lennox International declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms recently commented on LII. JPMorgan Chase & Co. raised their price target on shares of Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research report on Friday, May 16th. Royal Bank Of Canada lifted their price objective on Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a report on Thursday, April 24th. Morgan Stanley decreased their price target on Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird upped their price objective on shares of Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Oppenheimer raised their target price on shares of Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of "Hold" and an average price target of $626.50.

Hedge Funds Weigh In On Lennox International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Lennox International by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock valued at $542,374,000 after acquiring an additional 317,937 shares in the last quarter. GAMMA Investing LLC boosted its stake in Lennox International by 69,429.8% during the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after purchasing an additional 356,175 shares during the last quarter. Amundi increased its holdings in 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 purchasing an additional 47,170 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after purchasing an additional 78,406 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares in 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.