Allstate Corp Takes $572,000 Position in Lennox International Inc. (NYSE:LII)

Allstate Corp acquired a new position in Lennox International Inc. (NYSE:LII) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 938 shares of the construction company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its stake in shares of Lennox International by 1,650.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company’s stock worth $128,000 after acquiring an additional 198 shares during the period. DnB Asset Management AS raised its holdings in Lennox International by 94.4% during the fourth quarter. DnB Asset Management AS now owns 15,814 shares of the construction company’s stock worth $9,635,000 after purchasing an additional 7,679 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Lennox International in the fourth quarter worth approximately $3,661,000. KLP Kapitalforvaltning AS bought a new position in Lennox International during the 4th quarter valued at $6,164,000. Finally, Quantbot Technologies LP increased its position in shares of Lennox International by 892.2% during the 4th quarter. Quantbot Technologies LP now owns 1,270 shares of the construction company’s stock valued at $774,000 after purchasing an additional 1,142 shares during the period. Institutional investors own 67.07% of the company’s stock.

Lennox International Trading Up 0.5 %

Shares of NYSE LII opened at $563.77 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Lennox International Inc. has a one year low of $445.63 and a one year high of $682.50. The business has a 50-day moving average price of $600.22 and a two-hundred day moving average price of $615.74. The firm has a market capitalization of $20.06 billion, a PE ratio of 25.01, a PEG ratio of 2.36 and a beta of 1.13.

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

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.82%. Lennox International’s dividend payout ratio (DPR) is currently 20.41%.

Wall Street Analyst Weigh In

LII has been the subject of several research reports. Barclays raised Lennox International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $665.00 to $702.00 in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $580.00 price objective (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. UBS Group increased their target price on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada raised their price objective on Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Four equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $614.62.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 194 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.