Lennox International (NYSE:LII) Shares Gap Down – Should You Sell?

Lennox International Inc. (NYSE:LII) 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 changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on LII shares. Morgan Stanley began coverage on shares of Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective on the stock. Barclays reduced their price target 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. JPMorgan Chase & Co. raised their price target on Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a report on Thursday. Northcoast Research initiated coverage on shares of Lennox International in a research report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price objective on the stock. Finally, Robert W. Baird lifted their target price on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $602.57.

Lennox International Trading Up 0.3 %

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

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating 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%. Equities analysts forecast that Lennox International Inc. will post 23.08 EPS for the current year.

Lennox International Dividend Announcement

The business also recently declared 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 Buying and Selling at Lennox International

In other Lennox International news, Director Todd J. Teske sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the transaction, the director now owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,200 shares of company stock valued at $793,228. 10.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lennox International

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