Lennox International Inc. (NYSE:LII) Position Trimmed by L & S Advisors Inc

L & S Advisors Inc decreased its holdings in Lennox International Inc. (NYSE:LII) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,749 shares of the construction company’s stock after selling 963 shares during the period. L & S Advisors Inc’s holdings in Lennox International were worth $2,284,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Lennox International in the 3rd quarter worth approximately $77,000. BNP Paribas Financial Markets lifted its holdings 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 valued at $14,056,000 after buying an additional 4,927 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Lennox International by 1,065.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after buying an additional 7,012 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Lennox International in the third quarter worth approximately $493,000. Finally, Public Employees Retirement System of Ohio raised its position in Lennox International by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 17,333 shares of the construction company’s stock valued at $10,474,000 after acquiring an additional 145 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on LII. Morgan Stanley began coverage on shares of Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target on the stock. UBS Group boosted their price target on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their target price on Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, Barclays upgraded Lennox International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $614.62.

Lennox International Trading Down 4.4 %

Lennox International stock opened at $552.20 on Friday. Lennox International Inc. has a 12 month low of $445.63 and a 12 month high of $682.50. The stock has a market cap of $19.65 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The business has a 50 day moving average price of $603.95 and a two-hundred day moving average price of $615.69. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. As a group, equities analysts forecast that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.83%. Lennox International’s dividend payout ratio is currently 20.41%.

Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.