Public Employees Retirement System of Ohio reduced its position in shares of Lennox International Inc. (NYSE:LII) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,578 shares of the construction company’s stock after selling 803 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Lennox International were worth $3,146,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of LII. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Lennox International in the 2nd quarter valued at about $20,855,000. Impax Asset Management AIFM Ltd purchased a new position in Lennox International in the 3rd quarter valued at about $4,478,000. Schroder Investment Management Group lifted its stake in Lennox International by 0.5% in the 2nd quarter. Schroder Investment Management Group now owns 466,111 shares of the construction company’s stock valued at $85,504,000 after buying an additional 2,333 shares in the last quarter. Hilton Capital Management LLC lifted its stake in Lennox International by 5.8% in the 3rd quarter. Hilton Capital Management LLC now owns 62,063 shares of the construction company’s stock valued at $11,107,000 after buying an additional 3,380 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Lennox International by 3.2% in the 2nd quarter. Nationwide Fund Advisors now owns 106,322 shares of the construction company’s stock valued at $19,525,000 after buying an additional 3,286 shares in the last quarter. 68.78% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $207.00 target price (up from $193.00) on shares of Lennox International in a research note on Monday, December 11th. Wells Fargo & Co reissued a “market perform” rating and issued a $210.00 target price (up from $193.00) on shares of Lennox International in a research note on Thursday, December 14th. They noted that the move was a valuation call. Cowen reissued a “buy” rating and issued a $210.00 target price on shares of Lennox International in a research note on Wednesday, November 29th. Robert W. Baird reissued a “buy” rating on shares of Lennox International in a research note on Tuesday, October 24th. Finally, Morgan Stanley raised their target price on shares of Lennox International from $166.00 to $169.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $191.83.
In other Lennox International news, Chairman Todd M. Bluedorn sold 12,901 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $210.95, for a total value of $2,721,465.95. Following the completion of the transaction, the chairman now owns 183,360 shares of the company’s stock, valued at approximately $38,679,792. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Kosel sold 435 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $203.03, for a total transaction of $88,318.05. Following the completion of the transaction, the chief accounting officer now directly owns 810 shares of the company’s stock, valued at approximately $164,454.30. The disclosure for this sale can be found here. Insiders sold a total of 40,573 shares of company stock valued at $8,194,706 in the last quarter. 3.90% of the stock is owned by insiders.
Shares of Lennox International Inc. (NYSE LII) opened at $210.68 on Friday. The stock has a market cap of $8,728.64, a P/E ratio of 29.84, a PEG ratio of 1.16 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 0.72 and a debt-to-equity ratio of 23.87. Lennox International Inc. has a 1-year low of $147.68 and a 1-year high of $214.70.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm earned $2.33 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. research analysts forecast that Lennox International Inc. will post 7.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.04 annualized dividend and a yield of 0.97%. Lennox International’s dividend payout ratio (DPR) is presently 28.90%.
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About Lennox International
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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