Lennox International (LII) was Downgraded by Susquehanna to ” Neutral”. Earlier the firm had a rating of “Positive ” on the company shares. Susquehanna advised their investors in a research report released on Aug 15, 2016.
Many Wall Street Analysts have commented on Lennox International. Company shares were Reiterated by UBS on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 170 from a previous price target of $157 .
On the company’s financial health, Lennox International reported $2.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.35. The company had revenue of $1019.00 million for the quarter, compared to analysts expectations of $1046.10 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.
Lennox International closed down -0.51 points or -0.32% at $158.73 with 1,80,977 shares getting traded on Friday. Post opening the session at $159.01, the shares hit an intraday low of $157.37 and an intraday high of $159.01 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 2, 2016, Terry L Johnston (President and COO, Commercial) sold 2,113 shares at $156.35 per share price. According to the SEC, on Jul 28, 2016, Prakash Bedapudi (EVP, Chief Technology Officer) sold 3,667 shares at $154.88 per share price. On Jul 27, 2016, Todd M Bluedorn (Chairman and CEO) sold 29,552 shares at $153.21 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.