Cigna Investments Inc. New Buys New Shares in Lennox International Inc. (NYSE:LII)

Cigna Investments Inc. New purchased a new position in shares of Lennox International Inc. (NYSE:LII) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 339 shares of the construction company’s stock, valued at approximately $205,000.

A number of other large investors also recently modified their holdings of LII. Massmutual Trust Co. FSB ADV grew its stake in shares of Lennox International by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. L & S Advisors Inc grew its position in shares of Lennox International by 0.8% in the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after acquiring an additional 40 shares during the period. Argent Trust Co increased its stake in shares of Lennox International by 6.6% during the 2nd quarter. Argent Trust Co now owns 665 shares of the construction company’s stock worth $356,000 after purchasing an additional 41 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Lennox International in the 2nd quarter valued at about $33,000. Finally, Toronto Dominion Bank lifted its stake in Lennox International by 2.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock valued at $1,669,000 after purchasing an additional 66 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LII has been the topic of a number of recent analyst reports. Mizuho boosted their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird lifted their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Finally, Barclays increased their price objective on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $583.92.

Lennox International Stock Performance

NYSE LII opened at $603.47 on Friday. The firm has a 50-day moving average price of $595.11 and a two-hundred day moving average price of $548.37. Lennox International Inc. has a 12-month low of $381.34 and a 12-month high of $627.46. The company has a market capitalization of $21.50 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $5.37 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts anticipate that Lennox International Inc. will post 21.06 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Insider Activity at Lennox International

In other Lennox International news, Director Shane D. Wall sold 325 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the transaction, the director now directly owns 2,035 shares of the company’s stock, valued at $1,247,393.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Shane D. Wall sold 325 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $612.97, for a total transaction of $199,215.25. Following the sale, the director now owns 2,035 shares in the company, valued at approximately $1,247,393.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction on Friday, October 25th. The shares were sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the transaction, the executive vice president now owns 4,668 shares in the company, valued at approximately $2,898,734.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,214 shares of company stock valued at $7,123,108 over the last quarter. 10.40% of the stock is owned by corporate insiders.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.