Eagle Bay Advisors LLC Sells 61 Shares of Lennox International Inc. (NYSE:LII)

Eagle Bay Advisors LLC reduced its position in Lennox International Inc. (NYSE:LII) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 379 shares of the construction company’s stock after selling 61 shares during the period. Eagle Bay Advisors LLC’s holdings in Lennox International were worth $231,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Lennox International during the 3rd quarter valued at $27,000. First Horizon Advisors Inc. bought a new position in Lennox International during the 3rd quarter valued at $39,000. Huntington National Bank lifted its stake in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after acquiring an additional 23 shares in the last quarter. UMB Bank n.a. lifted its stake in Lennox International by 388.9% during the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Lennox International during the 3rd quarter valued at $77,000. 67.07% of the stock is currently owned by institutional investors.

Lennox International Price Performance

NYSE LII traded down $1.20 during trading hours on Monday, hitting $608.86. The company had a trading volume of 74,055 shares, compared to its average volume of 276,915. Lennox International Inc. has a 52 week low of $412.09 and a 52 week high of $682.50. The firm has a 50 day simple moving average of $635.10 and a 200 day simple moving average of $598.18. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The firm has a market capitalization of $21.69 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.04 and a beta of 1.11.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping 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 the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $5.37 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is 21.84%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LII. Wells Fargo & Company raised their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Northcoast Research assumed coverage on Lennox International in a research report on Friday, November 22nd. They set a “sell” rating and a $475.00 target price for the company. Barclays raised their target price on Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group raised their target price on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Morgan Stanley assumed coverage on Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $590.50.

Insider Transactions at Lennox International

In related news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the transaction, the director now owns 2,035 shares of the company’s stock, valued at $1,247,393.95. This represents a 13.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the transaction, the chief accounting officer now directly owns 1,446 shares in the company, valued at $904,458.54. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock worth $1,353,233 in the last quarter. Company insiders own 10.40% of the company’s stock.

About Lennox International

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.