938 Shares in Lennox International Inc. (NYSE:LII) Bought by Allstate Corp

Allstate Corp bought a new stake in Lennox International Inc. (NYSE:LII - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 938 shares of the construction company's stock, valued at approximately $572,000.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Lennox International in the 3rd quarter worth about $77,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Lennox International by 1,065.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock valued at $4,635,000 after purchasing an additional 7,012 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Lennox International in the third quarter valued at approximately $493,000. Public Employees Retirement System of Ohio increased its stake in shares of Lennox International by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,333 shares of the construction company's stock worth $10,474,000 after purchasing an additional 145 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company's stock worth $345,645,000 after purchasing an additional 12,183 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Insider Activity

In other 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 value of $124,974.80. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.40% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays upgraded Lennox International from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Morgan Stanley started coverage on Lennox International in a research note on Monday, January 6th. They set an "underweight" rating and a $595.00 price objective on the stock. Wells Fargo & Company reissued an "underweight" rating and issued a $580.00 target price (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and set a $750.00 price target on shares of Lennox International in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of 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 issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $614.62.

Lennox International Stock Down 4.8 %

NYSE:LII traded down $27.30 during trading hours on Thursday, hitting $547.23. The stock had a trading volume of 662,868 shares, compared to its average volume of 337,681. The business has a 50 day simple moving average of $596.07 and a two-hundred day simple moving average of $614.98. Lennox International Inc. has a 1-year low of $445.63 and a 1-year high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The company has a market cap of $19.47 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Lennox International Inc. will post 22.94 EPS for the current 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 given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, April 30th. Lennox International's 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.