On August 19, 2024, Gary Bedard, EVP & President, Home Comfort Solutions at Lennox International Inc (NYSE:LII), sold 1,189 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 19,945 shares of Lennox International Inc.
Lennox International Inc. is a global leader in the heating, air conditioning and refrigeration market, providing innovative solutions that improve air quality and comfort in residential and commercial buildings.
Over the past year, Gary Bedard has sold a total of 4,576 shares of Lennox International Inc. and made no purchases. This recent sale is part of a broader trend within the company, where there have been 19 insider sales and no insider purchases over the past year.
Lennox International Inc. shares were trading at $576.41 on the day of the sale. The company has a market capitalization of approximately $20.41 billion. The price-to-earnings ratio is 31.77, which is higher than both the industry median of 14.84 and the company’s historical median.
The stock is currently considered significantly overvalued according to GF Value with a price-GF Value ratio of 1.6. The GF Value of USD 359.74 is calculated based on historical trading multiples, a GuruFocus adjustment factor and estimates of future business development.
This insider sale may be of interest to investors assessing the stock’s current valuation and considering the broader trend of insider selling at Lennox International Inc.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
