Rappaport Reiches Capital Management LLC Increases Stock Holdings in Lennox International Inc. (NYSE:LII)

Rappaport Reiches Capital Management LLC grew its stake in Lennox International Inc. (NYSE:LII) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,139 shares of the construction company’s stock after purchasing an additional 121 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in Lennox International were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after purchasing an additional 12,183 shares during the period. New York State Common Retirement Fund grew its holdings in Lennox International by 3.8% during the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after acquiring an additional 2,013 shares during the period. National Pension Service raised its position in Lennox International by 2.3% in the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock worth $30,978,000 after acquiring an additional 1,140 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Lennox International by 26.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after purchasing an additional 4,927 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Lennox International during the 2nd quarter worth $11,115,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on LII. Royal Bank of Canada boosted their price objective on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Robert W. Baird boosted their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Barclays raised their price target 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. Finally, Morgan Stanley assumed coverage on shares of Lennox International in a research report on Monday, January 6th. They issued an “underweight” rating and a $595.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $590.50.

Lennox International Trading Up 0.6 %

NYSE:LII opened at $667.26 on Friday. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. Lennox International Inc. has a one year low of $412.09 and a one year high of $682.50. 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 business’s 50-day simple moving average is $639.87 and its 200 day simple moving average is $603.99.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. Lennox International’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $5.37 EPS. As a group, sell-side analysts predict that Lennox International Inc. will post 21.2 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 0.69%. Lennox International’s payout ratio is 21.84%.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of the firm’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 sale, the chief accounting officer now directly owns 1,446 shares in the company, valued at approximately $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the completion of the sale, the director now owns 7,911 shares in the company, valued at approximately $5,344,038.72. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,525 shares of company stock valued at $992,443. Corporate insiders own 10.40% of the company’s stock.

Lennox International 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.