Lennox International (NYSE:LII) Shares Gap Down – Time to Sell?

Lennox International Inc. (NYSE:LII)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $662.59, but opened at $630.00. Lennox International shares last traded at $623.39, with a volume of 233,933 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LII shares. KeyCorp cut shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Robert W. Baird increased their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Barclays cut their price objective on shares of Lennox International from $674.00 to $665.00 and set an “equal weight” rating for the company in a research report on Thursday. Wells Fargo & Company raised their target price on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Morgan Stanley started coverage on Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Lennox International currently has an average rating of “Hold” and a consensus target price of $602.57.

Lennox International Stock Up 0.3 %

The firm has a market cap of $21.60 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $641.14 and a two-hundred day moving average price of $607.17.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 142.64%. On average, equities research analysts expect that Lennox International Inc. will post 23.08 EPS for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s payout ratio is currently 20.41%.

Insider Transactions at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares of the company’s stock, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares of the company’s stock, valued at $1,118,632.82. The trade was a 22.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,200 shares of company stock worth $793,228 in the last three months. Company insiders own 10.40% of the company’s stock.

Institutional Trading of Lennox International

Several hedge funds and other institutional investors have recently modified their holdings of LII. Harbor Capital Advisors Inc. raised its holdings in Lennox International by 3.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock worth $415,000 after acquiring an additional 20 shares during the period. Huntington National Bank boosted its stake in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares during the period. Tilia Fiduciary Partners Inc. grew its holdings in Lennox International by 0.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,628 shares of the construction company’s stock valued at $2,820,000 after buying an additional 30 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Lennox International during the third quarter worth approximately $27,000. Finally, First Horizon Advisors Inc. bought a new stake in shares of Lennox International in the third quarter valued at approximately $39,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Lennox International

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.