Insider Sales at Lennox International (LII) are Significant and Extend the Selling Trend of Last Quarter

Thursday, December 14, 2017 10:15 PM ET

Insider Sales at Lennox International (LII) are Significant and Extend the Selling Trend of Last Quarter

There was a notable level of insider selling revealed today in filings with the SEC for Lennox International. Two insiders — Todd M Bluedorn, Director and Officer, and Terry L Johnston, Officer — sold 16,925 shares in the company for approximately $3,461,913. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 15,036 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 31,961 shares and have averaged 5,327 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Lennox International is greater than its 11-company peer group average. The Heating, Ventilation & Air Conditioning Systems peer group saw 8 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by Lennox International insiders is lower than its peers. Within the peer group there were 47,300 shares purchased and 16,991 shares sold with company insiders acquiring 4,330 shares on average over this time period.

The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Today’s Insider Activity
* Todd M Bluedorn, Director and Officer, sold 14,321 shares
* Terry L Johnston, Officer, sold 2,604 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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