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Lennox International Director Norris John W III Sells 3,190 Shares at $606/Share on 2025-07-03.
ByAinvest
Monday, Jul 7, 2025 12:03 pm ET1min read
Lennox International Inc. (LII) has announced that Director Norris John W. III has sold 3,190 shares at a price of $606 per share on July 3, 2025.
Lennox International Inc. (LII) has announced that Director Norris John W. III sold 3,190 shares of the company’s common stock on July 3, 2025, at a price of $606.00 per share, for a total transaction value of $1.93 million [1]. The sale comes as Lennox, a $21.2 billion market cap company, continues to perform well with a "GREAT" financial health rating according to InvestingPro [2].Following the transaction, Norris directly owns 204,096 shares of Lennox International. In addition, Norris indirectly owns shares in multiple trusts, including the JWN III Trust A, Norris Living Trust, Norris Marital Trust - Exempt, Norris Marital Trust - Non-Exempt, Norris Childs Trust, Norris-Newman Minors Trust, Norris Family Ltd. P, B.W. Norris Revocable Trust, Catherine Houlihan-spouse, L. C. Norris Trust, and W.H. Norris Revocable Trust [2].
The sale of shares by Norris does not appear to indicate any immediate concerns about the company’s financial health. Lennox has maintained dividend payments for 27 consecutive years, with 15 years of consecutive increases, and recently raised its quarterly dividend by 13% to $1.30 per share [2]. Additionally, the company expanded its stock repurchase program by $1 billion, highlighting its strong financial position and commitment to shareholder returns.
In other recent news, Lennox International Inc. introduced the Elite Series EL18KSLV Side Discharge Heat Pump, designed for homes with limited outdoor space. This new unit offers high energy efficiency with ratings up to 19.00 SEER2 and 10.00 HSPF2, potentially reducing energy consumption. The company also announced the appointment of Tracy A. Embree as a Class III Director, effective June 1, 2025 [2].
Lennox has also amended its credit facility, reducing total revolving commitments to $1 billion and extending the maturity date to May 2030. This strategic financial adjustment aims to ensure long-term financial flexibility [2].
References:
[1] https://www.tradingview.com/news/tradingview:688e47891f9ce:0-lennox-international-director-john-w-norris-iii-sells-3-190-shares/
[2] https://www.investing.com/news/insider-trading-news/lennox-intl-director-norris-sells-193-million-in-stock-93CH-4124999
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