Whittier Trust Co. of Nevada Inc. Buys New Shares in Lennox International Inc. (NYSE:LII)

Whittier Trust Co. of Nevada Inc. bought a new position in shares of Lennox International Inc. (NYSE:LII) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 122 shares of the construction company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in shares of Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Rise Advisors LLC bought a new stake in Lennox International in the first quarter valued at approximately $41,000. Bessemer Group Inc. lifted its position in shares of Lennox International by 403.3% in the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after buying an additional 121 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Lennox International by 38.6% in the second quarter. GAMMA Investing LLC now owns 255 shares of the construction company’s stock valued at $136,000 after buying an additional 71 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of Lennox International by 66.0% during the 4th quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after acquiring an additional 140 shares during the period. 67.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lennox International news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the transaction, the director now owns 2,193 shares in the company, valued at $1,279,549.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sherry Buck sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the transaction, the director now owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock worth $7,563,793 in the last ninety days. 10.40% of the stock is owned by insiders.

Lennox International Price Performance

LII traded up $8.72 on Thursday, hitting $584.28. 60,668 shares of the stock were exchanged, compared to its average volume of 280,001. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International Inc. has a 12 month low of $334.53 and a 12 month high of $594.65. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.81 and a beta of 1.07. The business has a 50-day moving average of $557.39 and a two-hundred day moving average of $507.70.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $6.15 earnings per share. Sell-side analysts forecast that Lennox International Inc. will post 20.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LII. Royal Bank of Canada raised their price target on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. TD Cowen upped their price target on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Barclays increased their price target on shares of Lennox International from $517.00 to $550.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Robert W. Baird boosted their price objective on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Finally, Stephens reiterated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $543.62.

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.