Schroder Investment Management Group grew its holdings in shares of Lennox International Inc. (NYSE:LII) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 611,299 shares of the construction company’s stock after buying an additional 72,384 shares during the quarter. Schroder Investment Management Group owned 1.46% of Lennox International worth $127,309,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Partners LLC bought a new position in Lennox International during the 4th quarter valued at about $216,000. Achmea Investment Management B.V. bought a new position in Lennox International during the 2nd quarter valued at about $239,000. Toronto Dominion Bank grew its holdings in Lennox International by 240.8% during the 3rd quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after purchasing an additional 1,146 shares during the last quarter. Price Capital Management Inc. bought a new position in Lennox International during the 4th quarter valued at about $638,000. Finally, Tocqueville Asset Management L.P. grew its holdings in Lennox International by 60.0% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock valued at $716,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 68.56% of the company’s stock.
In other Lennox International news, EVP John D. Torres sold 4,406 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $196.01, for a total value of $863,620.06. Following the transaction, the executive vice president now directly owns 6,254 shares in the company, valued at approximately $1,225,846.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 12,901 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $210.95, for a total transaction of $2,721,465.95. Following the completion of the transaction, the chairman now owns 183,360 shares in the company, valued at $38,679,792. The disclosure for this sale can be found here. Insiders sold a total of 28,689 shares of company stock worth $5,897,885 over the last 90 days. Insiders own 3.90% of the company’s stock.
Several equities analysts recently commented on the stock. Cowen reiterated a “buy” rating and set a $190.00 price target on shares of Lennox International in a report on Monday, October 23rd. UBS Group reiterated a “neutral” rating and set a $215.00 price target (down from $230.00) on shares of Lennox International in a report on Wednesday, February 7th. Stifel Nicolaus reiterated a “hold” rating and set a $207.00 price target (up from $193.00) on shares of Lennox International in a report on Monday, December 11th. Morgan Stanley upped their price target on shares of Lennox International from $166.00 to $169.00 and gave the company an “underweight” rating in a report on Tuesday, October 24th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Lennox International in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $205.38.
Lennox International Inc. (NYSE LII) opened at $205.74 on Friday. The company has a debt-to-equity ratio of 19.37, a current ratio of 1.74 and a quick ratio of 1.00. The company has a market cap of $8,656.79, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. Lennox International Inc. has a one year low of $160.18 and a one year high of $223.05.
Lennox International (NYSE:LII) last issued its earnings results on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. The business had revenue of $891.80 million for the quarter, compared to the consensus estimate of $906.85 million. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. sell-side analysts anticipate that Lennox International Inc. will post 10.18 earnings per share for the current fiscal year.
Lennox International announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 13th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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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