Naples Money Management LLC Purchases New Stake in Lennox International Inc. (NYSE:LII)

Naples Money Management LLC acquired a new position in Lennox International Inc. (NYSE:LII) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,550 shares of the construction company’s stock, valued at approximately $1,588,000. Lennox International comprises approximately 1.5% of Naples Money Management LLC’s portfolio, making the stock its 28th biggest position.

Several other large investors have also recently bought and sold shares of LII. Tobam grew its stake in shares of Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after purchasing an additional 82 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Lennox International during the fourth quarter worth about $42,000. UniSuper Management Pty Ltd acquired a new position in Lennox International during the second quarter worth about $98,000. Lazard Asset Management LLC increased its holdings in Lennox International by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock valued at $157,000 after buying an additional 191 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. acquired a new stake in shares of Lennox International during the 3rd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LII shares. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a research note on Thursday, February 1st. They issued a “buy” rating and a $523.00 price objective for the company. Wells Fargo & Company raised their price target on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on Lennox International from $392.00 to $414.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 1st. TD Cowen increased their price objective on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, StockNews.com cut shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $473.67.

Insiders Place Their Bets

In related news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the transaction, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

Lennox International Trading Down 0.3 %

Shares of NYSE:LII traded down $1.49 during trading on Friday, reaching $457.15. The stock had a trading volume of 216,621 shares, compared to its average volume of 260,393. The company has a quick ratio of 0.72, a current ratio of 1.41 and a debt-to-equity ratio of 4.01. The stock has a market cap of $16.28 billion, a P/E ratio of 27.77, a PEG ratio of 2.25 and a beta of 1.02. The business has a fifty day moving average price of $469.84 and a 200-day moving average price of $431.50. Lennox International Inc. has a fifty-two week low of $256.74 and a fifty-two week high of $501.72.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, analysts anticipate that Lennox International Inc. will post 19.74 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 0.96%. Lennox International’s dividend payout ratio (DPR) is presently 26.60%.

Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.