Insider Selling: Lennox International (NYSE:LII) CAO Sells 300 Shares of 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 stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the transaction, the chief accounting officer directly owned 1,282 shares in the company, valued at approximately $758,764.52. This represents a 18.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Lennox International Trading Down 2.3%

NYSE:LII traded down $13.4170 during trading hours on Monday, reaching $578.5030. 209,589 shares of the company were exchanged, compared to its average volume of 403,165. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.90 and a beta of 1.10. Lennox International, Inc. has a 52-week low of $500.10 and a 52-week high of $689.44. The stock has a 50 day simple moving average of $596.95 and a 200 day simple moving average of $581.30.

Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating the consensus estimate of $6.90 by $0.92. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $6.83 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, analysts predict that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International announced that its board has initiated a stock buyback program on Thursday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LII. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research note on Friday, May 16th. UBS Group raised their price objective on shares of Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wells Fargo & Company increased their price target on shares of Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group increased their price target on shares of Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Barclays increased their price target on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lennox International has a consensus rating of "Hold" and a consensus target price of $635.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorShares Investments LLC acquired a new position in Lennox International during the 2nd quarter valued at about $25,000. City Holding Co. acquired a new position in Lennox International during the 1st quarter valued at about $35,000. Sentry Investment Management LLC acquired a new position in Lennox International during the 1st quarter valued at about $43,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Lennox International by 175.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock valued at $46,000 after purchasing an additional 51 shares during the period. Finally, Whittier Trust Co. lifted its stake in shares of Lennox International by 125.0% in the 2nd quarter. Whittier Trust Co. now owns 81 shares of the construction company's stock worth $46,000 after acquiring an additional 45 shares during the period. 67.07% of the stock is 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. 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.

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