Lennox International, Inc. (NYSE:LII) posted its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07, Briefing.com reports. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 earnings per share. Lennox International updated its FY17 guidance to $7.75-8.15 EPS.
Shares of Lennox International (LII) opened at 164.02 on Friday. The company’s 50-day moving average price is $176.16 and its 200 day moving average price is $172.03. Lennox International has a 12-month low of $140.97 and a 12-month high of $192.58. The firm has a market capitalization of $6.92 billion, a PE ratio of 23.63 and a beta of 1.14.
In other news, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total value of $1,944,330.25. Following the completion of the transaction, the chairman now directly owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David W. Moon sold 2,350 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the completion of the transaction, the executive vice president now directly owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,094 shares of company stock valued at $2,409,181. 3.90% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of LII. Teachers Advisors LLC raised its position in Lennox International by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 266,740 shares of the construction company’s stock worth $40,857,000 after buying an additional 3,625 shares during the last quarter. Americafirst Capital Management LLC bought a new position in Lennox International during the first quarter worth approximately $487,000. Quantitative Systematic Strategies LLC bought a new position in Lennox International during the first quarter worth approximately $538,000. Russell Investments Group Ltd. raised its position in Lennox International by 162.5% in the first quarter. Russell Investments Group Ltd. now owns 40,348 shares of the construction company’s stock worth $6,748,000 after buying an additional 24,977 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Lennox International by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,846 shares of the construction company’s stock worth $2,316,000 after buying an additional 200 shares during the last quarter. 69.52% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on LII. BidaskClub downgraded Lennox International from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Stifel Nicolaus restated a “hold” rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley restated an “underweight” rating and issued a $161.00 price target (down from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Cowen and Company lifted their target price on Lennox International from $172.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 27th. Finally, TheStreet upgraded Lennox International from a “c+” rating to a “b-” rating in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $179.00.
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About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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