Lennox International (NYSE:LII) CAO Sells $177,558.00 in Stock

Key Points

• Chris Kosel, the Chief Accounting Officer of Lennox International, sold 300 shares at an average price of $591.86, resulting in an 18.96% decrease in his ownership stake.
• Lennox International's stock has seen a 2.3% decline, with a current trading price of approximately $578.50 and a market cap of $20.32 billion.
• The company has initiated a $1 billion stock buyback program, allowing it to repurchase up to 5% of its outstanding shares, signaling potential confidence in its stock valuation.

Lennox International, Inc. (NYSE:LII - Get Free Report) CAO Chris Kosel sold 300 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the sale, the chief accounting officer owned 1,282 shares of the company's stock, valued at $758,764.52. This trade represents a 18.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Lennox International Stock Down 0.3%

Lennox International stock traded down $1.92 during trading on Friday, hitting $557.56. 306,387 shares of the company were exchanged, compared to its average volume of 355,270. The business's 50 day moving average is $598.88 and its 200 day moving average is $580.60. Lennox International, Inc. has a 52 week low of $500.10 and a 52 week high of $689.44. The company has a market capitalization of $19.58 billion, a P/E ratio of 23.84, a PEG ratio of 1.80 and a beta of 1.10. 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 (NYSE:LII - Get Free Report) last announced its quarterly 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 the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $6.83 earnings per share. Lennox International's revenue was up 3.4% compared to the same quarter last year. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Analysts predict that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International declared that its board has authorized a stock buyback program on Thursday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on LII. The Goldman Sachs Group boosted their price objective on Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Robert W. Baird boosted their price objective on Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research report on Friday, May 16th. Barclays boosted their price objective on Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company boosted their price objective on Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Lennox International presently has a consensus rating of "Hold" and an average price target of $635.33.

Hedge Funds Weigh In On Lennox International

A number of institutional investors have recently added to or reduced their stakes in the business. Carter Financial Group INC. bought a new position in Lennox International in the 2nd quarter worth about $311,000. MUFG Securities EMEA plc bought a new position in Lennox International in the 2nd quarter worth about $54,000. State of Tennessee Department of Treasury increased its stake in Lennox International by 75.2% in the 2nd quarter. State of Tennessee Department of Treasury now owns 7,082 shares of the construction company's stock worth $4,060,000 after acquiring an additional 3,039 shares during the last quarter. Lazard Asset Management LLC increased its stake in Lennox International by 111.1% in the 2nd quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company's stock worth $10,696,000 after acquiring an additional 9,818 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Lennox International by 296.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company's stock worth $41,168,000 after acquiring an additional 53,679 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

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.