SG Americas Securities LLC grew its stake in shares of Lennox International Inc. (NYSE:LII) by 32.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,133 shares of the construction company’s stock after purchasing an additional 3,981 shares during the period. SG Americas Securities LLC’s holdings in Lennox International were worth $2,887,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Lennox International during the second quarter valued at approximately $20,855,000. Schroder Investment Management Group increased its stake in shares of Lennox International by 0.5% in the second quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock worth $85,504,000 after purchasing an additional 2,333 shares in the last quarter. Congress Asset Management Co. MA increased its stake in shares of Lennox International by 7.6% in the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock worth $82,332,000 after purchasing an additional 31,840 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Lennox International by 3.2% in the second quarter. Nationwide Fund Advisors now owns 106,322 shares of the construction company’s stock worth $19,525,000 after purchasing an additional 3,286 shares in the last quarter. Finally, Tredje AP fonden bought a new position in shares of Lennox International during the second quarter worth $1,208,000. 68.90% of the stock is currently owned by institutional investors and hedge funds.
Lennox International Inc. (LII) traded down $0.96 during midday trading on Thursday, reaching $204.55. 378,823 shares of the company’s stock were exchanged, compared to its average volume of 348,028. Lennox International Inc. has a 1-year low of $147.54 and a 1-year high of $213.78. The stock has a market cap of $8,630.48, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.31 and a beta of 1.22. The company has a quick ratio of 0.72, a current ratio of 1.24 and a debt-to-equity ratio of 23.87.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $2.33 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. equities research analysts expect that Lennox International Inc. will post 7.92 earnings per share for the current year.
In other Lennox International news, EVP Prakash Bedapudi sold 3,201 shares of Lennox International stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $196.25, for a total transaction of $628,196.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary S. Bedard sold 369 shares of Lennox International stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $204.47, for a total transaction of $75,449.43. The disclosure for this sale can be found here. Insiders sold a total of 16,781 shares of company stock valued at $3,257,758 over the last quarter. 3.90% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $210.00 target price on shares of Lennox International in a research report on Wednesday, November 29th. Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a research report on Tuesday, October 24th. Morgan Stanley increased their target price on shares of Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a research note on Tuesday, October 24th. Credit Suisse Group reissued a “neutral” rating and issued a $180.00 target price (up previously from $171.00) on shares of Lennox International in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus increased their target price on shares of Lennox International from $187.00 to $192.00 and gave the company a “hold” rating in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Lennox International currently has a consensus rating of “Hold” and a consensus target price of $186.50.
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Lennox International Company Profile
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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