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BEDAPUDI PRAKASH

EVP, Chief Technology Officer

Officer
3 filings analyzed · 1 company · Latest 2024-11-06

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Companies

Company Buys Sells Direction
LENNOX INTERNATIONAL INC LII 0 3 Net selling

Activity

November 2024
low
Sell
965 shares
$596,370
Significance 4/10

LII CTO Bedapudi Prakash sold 965 shares at $618.00 on 2024-11-05; retains 16.2K shares. Stock -3.3% from 52-week high.

Bedapudi Prakash, EVP and Chief Technology Officer of Lennox International, sold 965 shares at $618.00 for $596,370.00, reducing his holdings by 5.6% to 16,162 shares. The transaction occurred near the stock's 52-week high of $625.62, with the current price at $604.78. At the same ticker, Prakash has executed 2 prior sales (on 2024-08-28 and 2024-08-19), both showing positive 30-day returns of 3.6% and 4.2% respectively, suggesting his prior sales at LII have been followed by near-term price appreciation. However, neither prior LII sale has yet reached the 90-day measurement window, so there is no measurable pattern of well-timed exits at this ticker. The company's fundamentals remain solid with FY revenue growth of +5.6%, net income of $239.0M, and a P/E of 28.58, indicating the sale occurs in a context of steady operational performance rather than distress signaling.

August 2024
medium
Sell
5,374 shares
$3,138,416
Significance 5/10

Lennox CTO BEDAPUDI PRAKASH sold 5,374 shares at $584.00 on 2024-08-28, reducing holdings by 25.0% to 16,162 shares; sale value $3.1M.

CTO Bedapudi Prakash executed a substantial sale of 5,374 shares at $584.00 on 2024-08-28, reducing his stake by 25.0% to 16,162 shares remaining and yielding $3,138,416.00. This represents his second insider transaction at Lennox within nine days (following an August 19 sale), and comes as the stock trades at $574.88, only -1.7% below its 52-week high of $585.00. The timing is notable: the stock has gained 14.4% over the past 90 days and the CTO's cross-ticker track record shows only 1 prior sell across all holdings, making this a material reduction in his Lennox concentration. The company's fundamentals remain solid with $1.5B quarterly revenue and a 31.76 P/E ratio, but the consecutive sales within a short window warrant monitoring to determine whether they reflect portfolio rebalancing or a shift in conviction regarding the stock's near-term prospects.

medium
Sell
3,434 shares
$1,984,852
Significance 5/10

LII CTO sold 3,434 shares at $578.00 (Aug 19); holding drops 13.8% to 21,536 shares as stock nears 52-week high.

BEDAPUDI PRAKASH, EVP and Chief Technology Officer of Lennox International, sold 3,434 shares at $578.00 on 2024-08-19, reducing his holdings from 24,970 to 21,536 shares. The sale occurred when LII was trading at -2.1% from its 52-week high of $585.00, after the stock had appreciated 14.9% over the prior 90 days and 3.1% over the prior 30 days. The transaction reduced his shareholding by 13.8% relative to pre-transaction holdings, representing a material reduction in his personal stake in the company. With LII's P/E at 31.65 against annual revenue growth of 5.6%, this sale of a C-suite executive's equity position warrant investor attention for any implications regarding confidence or near-term outlook.

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