{
  "id": 19390973,
  "title": "Lennox International EVP Nassab sells $85,814 in stock",
  "url": "https://urgent.news/2026/11/10/lennox-international-evp-nassab-sells-85-814-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T20:31:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/lennox-international-evp-nassab-sells-85814-in-stock-93CH-5016710"
  },
  "original_language": "en",
  "account": "Joseph Nassab, Executive Vice President and President of Building Climate Solutions at LENNOX INTERNATIONAL INC (NASDAQ:LII), made several stock transactions on November 9, 2026. Mr. Nassab sold 245 shares of the company's common stock at $350.265 per share, generating a total value of $85,814. The current stock price stands at $346.36, a significant drop from its 52-week high of $587.27. Despite this, Lennox International has raised its dividend for 16 consecutive years, as highlighted in a Pro Research Report by InvestingPro. The same day, Mr. Nassab also acquired 1,517 shares through the exercise of non-qualified Stock Appreciation Rights, which were bought at $257.08 per share, equating to a total value of $389,990. In addition to these sales and acquisitions, Mr. Nassab sold 1,272 shares to the issuer at $350.465 per share, amounting to $445,791. Following these activities, Mr. Nassab currently holds 11,063 shares of Lennox International common stock. Lennox International reported its third-quarter results, with adjusted earnings per share at $6.84, a 7% decline from the previous year and below the estimated $7.36. Revenue grew by 10% to $1.6 billion, exceeding expectations of $1.57 billion. However, this positive revenue growth was overshadowed by earnings disappointment, leading Mizuho to lower its price target from $395 to $350 while maintaining a Neutral rating. Oppenheimer also downgraded Lennox International to Perform from Outperform, citing inflationary and competitive pressures and reduced fiscal 2026 guidance. The company's challenges, including margin pressure and tariff costs, are contributing to market uncertainty regarding its full-year outlook. Investors are carefully observing these factors as they assess the risks and returns tied to the company's current market position.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}