Metropolitan Life Insurance Co NY decreased its stake in Lennox International Inc. (NYSE:LII) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,415 shares of the construction company’s stock after selling 351 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Lennox International were worth $2,774,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in LII. Endurance Wealth Management Inc. purchased a new stake in shares of Lennox International during the third quarter worth approximately $65,000. Harvest Fund Management Co. Ltd acquired a new stake in Lennox International during the 2nd quarter worth $82,000. Meeder Asset Management Inc. purchased a new stake in shares of Lennox International during the second quarter worth $98,000. Private Capital Group LLC grew its holdings in shares of Lennox International by 5.8% during the second quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock worth $170,000 after buying an additional 46 shares in the last quarter. Finally, AGF Investments LLC purchased a new stake in shares of Lennox International during the second quarter worth $320,000. 68.01% of the stock is owned by institutional investors and hedge funds.
In related news, Director Janet Katherine Cooper sold 750 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $257.84, for a total value of $193,380.00. Following the completion of the transaction, the director now directly owns 15,041 shares in the company, valued at $3,878,171.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd M. Bluedorn sold 8,095 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $248.06, for a total value of $2,008,045.70. Following the sale, the chief executive officer now directly owns 110,588 shares of the company’s stock, valued at approximately $27,432,459.28. The disclosure for this sale can be found here. Insiders have sold 14,491 shares of company stock worth $3,617,814 over the last ninety days. 3.40% of the stock is owned by insiders.
NYSE LII opened at $250.92 on Tuesday. Lennox International Inc. has a 52 week low of $203.63 and a 52 week high of $298.49. The business’s fifty day simple moving average is $249.71 and its 200-day simple moving average is $258.58. The firm has a market cap of $9.86 billion, a PE ratio of 26.64, a P/E/G ratio of 1.13 and a beta of 0.86.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $3.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($0.07). Lennox International had a net margin of 9.83% and a negative return on equity of 199.10%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm posted $2.72 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Lennox International Inc. will post 11.27 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on LII shares. Goldman Sachs Group decreased their price target on shares of Lennox International from $256.00 to $230.00 in a research note on Monday, September 23rd. Barclays set a $285.00 price objective on shares of Lennox International and gave the company a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Co cut their price objective on shares of Lennox International from $265.00 to $255.00 and set a “market perform” rating for the company in a report on Tuesday, October 22nd. William Blair reiterated a “buy” rating on shares of Lennox International in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lennox International from $225.00 to $200.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Lennox International presently has a consensus rating of “Hold” and a consensus target price of $244.73.
About Lennox International
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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