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Director John W. Norris III of Lennox International (NASDAQ:NYSE:LII) sold 3,190 shares of common stock on July 10, 2025, for approximately $1.96 million. The sales occurred in multiple transactions with prices ranging from $613.1277 to $615.0069 per share. The stock, currently trading at $617.87, appears overvalued according to InvestingPro analysis. The company maintains a strong market position with a $21.95B market capitalization and has raised its dividend for 15 consecutive years.
Following these transactions, Norris directly owns 200,906 shares. Notably, Lennox International maintains a GREAT financial health score, with strong cash flows and moderate debt levels. He also has indirect ownership of shares held in various trusts, including 107,250 shares in the JWN III Trust A, 47,853 shares in the Norris Living Trust, 18,480 shares in the Norris Marital Trust - Exempt, 146,835 shares in the Norris Marital Trust - Non-Exempt, 530 shares in the Norris Childs Trust fbo John W. Norris III, 1,685 shares in the Norris-Newman Minors Trust, 2,545,105 shares in the Norris Family Ltd. P, 28,372 shares in the B.W. Norris Revocable Trust, 5,636 shares held by Catherine Houlihan-spouse, 28,372 shares in the L. C. Norris Trust, and 28,372 shares in the W.H. Norris Revocable Trust. For comprehensive analysis and 12 additional ProTips about Lennox International, visit InvestingPro.
In other recent news, Lennox International has made several notable announcements. The company reported a 13% increase in its quarterly dividend, raising it to $1.30 per share, and expanded its stock repurchase program by $1 billion, reflecting its strong financial health and commitment to shareholder returns. Additionally, Lennox has introduced the Elite Series EL18KSLV Side Discharge Heat Pump, designed for homes with limited outdoor space, boasting high energy efficiency and compatibility with smart home systems. In corporate governance developments, Lennox appointed Tracy A. Embree to its Board of Directors, bringing her extensive experience from Otis Americas and Cummins Inc (NYSE:CMI). Furthermore, Lennox refinanced its credit facility, reducing its revolving commitments to $1 billion and extending the maturity date to May 2030, ensuring long-term financial flexibility. These strategic moves highlight Lennox’s focus on financial stability and growth opportunities. The company’s board also confirmed the election of two Class III Directors and approved executive compensation during its recent annual meeting. These developments underscore Lennox’s ongoing efforts to enhance its operational and financial strategies.
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