Selz Capital LLC acquired a new stake in Lennox International Inc. (NYSE:LII) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 54,084 shares of the construction company’s stock, valued at approximately $13,194,000. Lennox International accounts for about 2.3% of Selz Capital LLC’s holdings, making the stock its 12th biggest holding.
Other hedge funds have also added to or reduced their stakes in the company. Endurance Wealth Management Inc. bought a new position in Lennox International in the 3rd quarter worth approximately $65,000. California State Teachers Retirement System increased its stake in Lennox International by 0.8% during the third quarter. California State Teachers Retirement System now owns 61,561 shares of the construction company’s stock valued at $14,957,000 after acquiring an additional 517 shares during the period. Aubrey Capital Management Ltd increased its stake in Lennox International by 12.7% during the third quarter. Aubrey Capital Management Ltd now owns 11,500 shares of the construction company’s stock valued at $2,795,000 after acquiring an additional 1,300 shares during the period. California Public Employees Retirement System increased its stake in Lennox International by 9.1% during the third quarter. California Public Employees Retirement System now owns 80,794 shares of the construction company’s stock valued at $19,631,000 after acquiring an additional 6,770 shares during the period. Finally, Redwood Investment Management LLC increased its stake in Lennox International by 37.1% during the third quarter. Redwood Investment Management LLC now owns 3,228 shares of the construction company’s stock valued at $784,000 after acquiring an additional 874 shares during the period. 68.07% of the stock is owned by institutional investors and hedge funds.
LII stock traded up $1.63 during trading on Thursday, hitting $247.70. The company had a trading volume of 3,575 shares, compared to its average volume of 265,624. The company has a fifty day moving average price of $249.82 and a two-hundred day moving average price of $253.08. The company has a market cap of $9.54 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.05 and a beta of 0.84. Lennox International Inc. has a fifty-two week low of $219.32 and a fifty-two week high of $298.49.
Lennox International (NYSE:LII) last released its quarterly earnings data on Monday, October 21st. The construction company reported $3.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Lennox International had a negative return on equity of 199.10% and a net margin of 9.83%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.72 earnings per share. As a group, analysts expect that Lennox International Inc. will post 11.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, December 30th. Lennox International’s payout ratio is 32.70%.
In other Lennox International news, CAO Chris Kosel sold 160 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $240.19, for a total value of $38,430.40. Following the transaction, the chief accounting officer now owns 1,177 shares of the company’s stock, valued at $282,703.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Janet Katherine Cooper sold 750 shares of the stock in a transaction 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 sale, the director now owns 15,041 shares in the company, valued at approximately $3,878,171.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,073 shares of company stock worth $4,519,744. 3.40% of the stock is owned by insiders.
LII has been the topic of several research reports. Goldman Sachs Group lowered their price target on Lennox International from $256.00 to $230.00 in a research note on Monday, September 23rd. Credit Suisse Group lowered their price target on Lennox International from $257.00 to $255.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. ValuEngine upgraded Lennox International from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. William Blair restated a “buy” rating on shares of Lennox International in a research note on Monday, October 21st. Finally, Barclays set a $285.00 price target on Lennox International and gave the company a “buy” rating in a research note on Monday, October 21st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $242.64.
Lennox International Profile
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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