Lennox International (LII) is Downgraded by KeyBanc Capital Mkts to Sector Weight

Lennox International (LII) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on Lennox International. Goldman Downgraded Lennox International on Mar 28, 2016 to ” Neutral”, Price Target of the shares are set at $136.

On the company’s financial health, Lennox International reported $1.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Feb 8, 2016. Analyst had a consensus of $1.23. The company had revenue of $834.10 million for the quarter, compared to analysts expectations of $819.99 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Lennox International closed down -0.27 points or -0.19% at $139.32 with 4,12,085 shares getting traded on Monday. Post opening the session at $140.29, the shares hit an intraday low of $139.035 and an intraday high of $140.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 17, 2016, Todd M Bluedorn (Chairman and CEO) sold 46,434 shares at $130.86 per share price. According to the SEC, on Mar 17, 2016, John D Torres (EVP, Chief Legal Officer) sold 11,522 shares at $130.07 per share price. On Mar 17, 2016, Terry L Johnston (President and COO, Commercial) sold 6,528 shares at $130.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs manufactures and market a range of products for the heating ventilation air conditioning and refrigeration (HVACR) markets. The Company operates in three segments. The Residential Heating & Cooling segment’s products and services include furnaces air conditioners heat pumps packaged heating and cooling systems indoor air equipment comfort control products and replacement parts. The Commercial Heating & Cooling segment’s products and services include unitary heating and air conditioning equipment applied systems controls installation and service of commercial heating and cooling equipment. The Refrigeration segment’s products and services include condensing units unit coolers fluid coolers air cooled condensers air handlers process chillers controls compressorized racks supermarket display cases and systems.

Lennox International

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