KLP Kapitalforvaltning AS Makes New Investment in Lennox International Inc. (NYSE:LII)

KLP Kapitalforvaltning AS purchased a new position in Lennox International Inc. (NYSE:LII - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,100 shares of the construction company's stock, valued at approximately $6,164,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP increased its stake in shares of Lennox International by 892.2% in the fourth quarter. Quantbot Technologies LP now owns 1,270 shares of the construction company's stock worth $774,000 after buying an additional 1,142 shares during the period. Sciencast Management LP bought a new stake in Lennox International in the 4th quarter worth $1,582,000. Catalyst Funds Management Pty Ltd increased its position in shares of Lennox International by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 900 shares of the construction company's stock valued at $548,000 after acquiring an additional 600 shares during the period. Jones Financial Companies Lllp increased its holdings in Lennox International by 487.7% during the 4th quarter. Jones Financial Companies Lllp now owns 429 shares of the construction company's stock valued at $261,000 after purchasing an additional 356 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Lennox International by 62.5% in the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock worth $71,000 after buying an additional 45 shares during the last quarter. Institutional investors own 67.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LII. Barclays raised Lennox International from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $665.00 to $702.00 in a research note on Wednesday, February 26th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $580.00 target price (down from $630.00) on shares of Lennox International in a research report on Monday, February 3rd. Mizuho cut shares of Lennox International from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. Royal Bank of Canada raised their price objective on shares of Lennox International from $617.00 to $642.00 and gave the stock a "sector perform" rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on Lennox International from $536.00 to $565.00 and gave the stock an "underweight" rating in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $614.62.

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Insider Buying and Selling at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at approximately $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.40% of the company's stock.

Lennox International Stock Down 4.4 %

Shares of NYSE LII traded down $25.12 during trading on Friday, reaching $552.20. The company had a trading volume of 369,215 shares, compared to its average volume of 334,234. Lennox International Inc. has a 12-month low of $445.63 and a 12-month high of $682.50. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The business's 50-day moving average is $603.95 and its 200 day moving average is $615.69. The stock has a market cap of $19.65 billion, a PE ratio of 24.50, a P/E/G ratio of 2.36 and a beta of 1.13.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. As a group, equities analysts forecast that Lennox International Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.83%. Lennox International's dividend payout ratio is 20.41%.

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.