Amundi Lowers Stake in Lennox International Inc. (NYSE:LII)

Amundi cut its position in shares of Lennox International Inc. (NYSE:LII - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,401 shares of the construction company's stock after selling 26,601 shares during the quarter. Amundi owned approximately 0.40% of Lennox International worth $89,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Everence Capital Management Inc. purchased a new stake in shares of Lennox International during the fourth quarter worth about $567,000. Toronto Dominion Bank grew its holdings in shares of Lennox International by 27.0% during the third quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company's stock worth $2,393,000 after buying an additional 841 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Lennox International by 3.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company's stock worth $415,000 after buying an additional 20 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock worth $4,635,000 after buying an additional 7,012 shares in the last quarter. Finally, Eukles Asset Management purchased a new stake in Lennox International in the fourth quarter valued at approximately $447,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Trading Down 6.5 %

Shares of LII stock opened at $565.59 on Wednesday. The stock has a market cap of $20.12 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. Lennox International Inc. has a fifty-two week low of $445.63 and a fifty-two week high of $682.50. The firm's 50 day moving average price is $615.60 and its two-hundred day moving average price is $615.35.

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Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, analysts anticipate that Lennox International Inc. will post 22.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stephens restated an "overweight" rating and issued a $750.00 target price on shares of Lennox International in a report on Friday, March 7th. Royal Bank of Canada boosted their target price on shares of Lennox International from $617.00 to $642.00 and gave the company a "sector perform" rating in a report on Thursday, January 30th. Northcoast Research assumed coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a "sell" rating and a $475.00 target price for the company. Wells Fargo & Company restated an "underweight" rating and issued a $580.00 target price (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Finally, Morgan Stanley assumed coverage on shares of Lennox International in a report on Monday, January 6th. They issued an "underweight" rating and a $595.00 target price for the company. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $614.62.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 194 shares of the business's stock in a transaction on 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 directly owns 1,282 shares of the company's stock, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 10.40% of the company's stock.

About Lennox International

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.

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