UBS Asset Management Americas Inc. increased its position in Lennox International Inc. (NYSE:LII) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,085 shares of the construction company’s stock after purchasing an additional 5,524 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.25% of Lennox International worth $21,677,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of LII. Canada Pension Plan Investment Board bought a new position in shares of Lennox International during the third quarter valued at $3,830,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Lennox International by 60.0% during the third quarter. Tocqueville Asset Management L.P. now owns 4,000 shares of the construction company’s stock valued at $716,000 after acquiring an additional 1,500 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Lennox International by 49.3% during the third quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock valued at $23,839,000 after acquiring an additional 44,000 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Lennox International by 240.8% during the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after acquiring an additional 1,146 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Lennox International by 11.7% during the third quarter. Rhumbline Advisers now owns 89,196 shares of the construction company’s stock valued at $15,963,000 after acquiring an additional 9,330 shares during the period. 69.77% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Terry L. Johnston sold 3,651 shares of Lennox International stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $211.27, for a total transaction of $771,346.77. Following the transaction, the executive vice president now owns 25,893 shares in the company, valued at approximately $5,470,414.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chris Kosel sold 754 shares of Lennox International stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $204.37, for a total value of $154,094.98. Following the transaction, the vice president now owns 810 shares in the company, valued at approximately $165,539.70. The disclosure for this sale can be found here. Insiders have sold a total of 22,712 shares of company stock valued at $4,714,528 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.
LII stock traded up $0.67 during trading on Friday, hitting $212.11. The stock had a trading volume of 649,970 shares, compared to its average volume of 299,906. The firm has a market cap of $8,734.05, a price-to-earnings ratio of 29.67, a P/E/G ratio of 1.05 and a beta of 1.20. Lennox International Inc. has a 52 week low of $160.18 and a 52 week high of $223.05. The company has a debt-to-equity ratio of 19.37, a current ratio of 1.74 and a quick ratio of 1.00.
Lennox International (NYSE:LII) last posted its earnings results on Tuesday, February 6th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.03. The company had revenue of $891.80 million during the quarter, compared to analyst estimates of $906.85 million. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 EPS. equities research analysts expect that Lennox International Inc. will post 10.17 EPS for the current fiscal year.
Lennox International declared that its board has authorized a stock buyback plan on Wednesday, December 13th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 0.96%. Lennox International’s payout ratio is currently 28.53%.
A number of brokerages have issued reports on LII. Stifel Nicolaus reissued a “hold” rating and set a $198.00 price objective on shares of Lennox International in a report on Friday, January 19th. UBS initiated coverage on Lennox International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 target price for the company. Wells Fargo restated 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. Barclays initiated coverage on Lennox International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $233.00 target price for the company. Finally, Cowen restated a “buy” rating and issued a $210.00 target price on shares of Lennox International in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $205.38.
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Lennox International 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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