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John W. Norris III, a director of LENNOX INTERNATIONAL INC (NYSE:LII), sold 3,190 shares of the company’s common stock on July 3, 2025, at a price of $606.00, for a total transaction value of $1.93 million. The sale comes as Lennox, a $21.2 billion market cap company with a "GREAT" financial health rating according to InvestingPro, trades at 26.8 times earnings.
Following the transaction, Norris directly owns 204,096 shares of Lennox International . In addition, Norris indirectly owns shares in multiple trusts, including 107,250 shares held by the JWN III Trust A, 47,853 shares held by the Norris Living Trust, 18,480 shares held by the Norris Marital Trust - Exempt, 146,835 shares held by the Norris Marital Trust - Non-Exempt, 530 shares held by the Norris Childs Trust fbo John W. Norris III, 1,685 shares held by the Norris-Newman Minors Trust, 2,545,105 shares held by the Norris Family Ltd. P, 28,372 shares held by the B.W. Norris Revocable Trust, 5,636 shares held by Catherine Houlihan-spouse, 28,372 shares held by the L. C. Norris Trust, and 28,372 shares held by the W.H. Norris Revocable Trust. The company has maintained dividend payments for 27 consecutive years, with 15 years of consecutive increases. Get the full analysis and 12 more key insights with InvestingPro’s comprehensive research report.
In other recent news, Lennox International Inc. has 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. Embree, with extensive leadership experience from Otis Americas and Cummins Inc (NYSE:CMI)., joins the Board Governance and Compensation and Human Resources Committees.
Lennox has increased its quarterly dividend by 13%, raising it to $1.30 per share, and expanded its stock repurchase program by $1 billion. This move highlights the company’s strong financial position and commitment to shareholder returns. Additionally, Lennox has 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. These developments reflect Lennox’s proactive approach to innovation, governance, and financial management.
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