Prakash Bedapudi Sells 5,374 Shares of Lennox International Inc. (NYSE:LII) Stock

Lennox International Inc. (NYSE:LII) EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the sale, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at $9,438,608. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Prakash Bedapudi also recently made the following trade(s):

• On Monday, August 19th, Prakash Bedapudi sold 3,434 shares of Lennox International stock. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00.

Lennox International Stock Up 1.0 %

Shares of Lennox International stock traded up $5.62 during trading on Thursday, reaching $581.18. The stock had a trading volume of 26,435 shares, compared to its average volume of 279,796. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 1.81 and a beta of 1.07. The stock has a fifty day moving average price of $557.39 and a two-hundred day moving average price of $507.70. Lennox International Inc. has a 52 week low of $334.53 and a 52 week high of $594.65. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the company posted $6.15 earnings per share. Lennox International’s revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Lennox International Inc. will post 20.27 EPS for the current fiscal year.

Analysts Set New Price Targets

LII has been the subject of a number of analyst reports. TD Cowen lifted their price objective on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Stephens reiterated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. Royal Bank of Canada lifted their target price on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Wells Fargo & Company lowered Lennox International from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. Finally, Robert W. Baird lifted their target price on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $543.62.

Institutional Trading of Lennox International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Forsta AP Fonden increased its position in Lennox International by 165.0% during the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock worth $10,362,000 after buying an additional 13,200 shares during the last quarter. Swedbank AB acquired a new position in Lennox International during the first quarter worth approximately $15,416,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after buying an additional 6,041 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Lennox International during the first quarter worth approximately $728,000. Finally, Brevan Howard Capital Management LP increased its position in Lennox International by 494.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,622 shares of the construction company’s stock worth $1,621,000 after buying an additional 3,013 shares during 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.