Teachers Retirement System of The State of Kentucky Trims Position in Lennox International (NYSE:LII)

Teachers Retirement System of The State of Kentucky reduced its holdings in Lennox International (NYSE:LII) by 7.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,040 shares of the construction company’s stock after selling 3,237 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.10% of Lennox International worth $8,339,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Advisor Partners LLC bought a new position in shares of Lennox International in the 4th quarter worth about $216,000. Toronto Dominion Bank lifted its position in Lennox International by 240.8% in 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 stake in Lennox International in the 4th quarter valued at about $638,000. Caisse DE Depot ET Placement DU Quebec lifted its position in Lennox International by 85.0% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,700 shares of the construction company’s stock valued at $771,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in Lennox International by 82.4% in the 4th quarter. Alps Advisors Inc. now owns 4,991 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 2,255 shares during the last quarter. Institutional investors own 69.84% of the company’s stock.

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NYSE LII opened at $199.90 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.74 and a debt-to-equity ratio of 19.37. Lennox International has a 12-month low of $160.18 and a 12-month high of $223.05. The company has a market capitalization of $8,472.13, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.03. Lennox International had a net margin of 7.96% and a return on equity of 1,465.51%. The business had revenue of $891.80 million during the quarter, compared to analysts’ expectations of $906.85 million. During the same period in the previous year, the company earned $1.50 earnings per share. Lennox International’s revenue for the quarter was down .6% on a year-over-year basis. analysts anticipate that Lennox International will post 10.16 EPS for the current fiscal year.

Lennox International announced that its board has authorized a stock buyback program on Wednesday, December 13th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, March 29th. Lennox International’s dividend payout ratio (DPR) is currently 25.76%.

In other Lennox International news, Chairman Todd M. Bluedorn sold 25,058 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $209.78, for a total value of $5,256,667.24. Following the sale, the chairman now owns 214,976 shares of the company’s stock, valued at approximately $45,097,665.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Torres sold 4,406 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $196.01, for a total transaction of $863,620.06. Following the completion of the sale, the executive vice president now directly owns 6,254 shares in the company, valued at approximately $1,225,846.54. The disclosure for this sale can be found here. Insiders have sold 50,970 shares of company stock worth $10,541,924 in the last ninety days. 3.90% of the stock is currently owned by insiders.

A number of research firms have commented on LII. Stifel Nicolaus restated a “hold” rating and set a $207.00 price target (up from $193.00) on shares of Lennox International in a research report on Monday, December 11th. Wells Fargo restated a “market perform” rating and set a $210.00 price target (up from $193.00) on shares of Lennox International in a research report on Thursday, December 14th. They noted that the move was a valuation call. UBS assumed coverage on shares of Lennox International in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $230.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Finally, Barclays began coverage on shares of Lennox International in a research note on Thursday, February 15th. They issued an “overweight” rating and a $233.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $207.88.

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About Lennox International

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Institutional Ownership by Quarter for Lennox International (NYSE:LII)

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