BI Asset Management Fondsmaeglerselskab A S Has $10.40 Million Stake in Lennox International Inc. (NYSE:LII)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Lennox International Inc. (NYSE:LII - Free Report) by 182.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,068 shares of the construction company's stock after acquiring an additional 11,018 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Lennox International were worth $10,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LII. Jump Financial LLC boosted its holdings in Lennox International by 31.6% in the 4th quarter. Jump Financial LLC now owns 520 shares of the construction company's stock valued at $317,000 after purchasing an additional 125 shares during the period. Argent Trust Co raised its position in shares of Lennox International by 16.3% during the fourth quarter. Argent Trust Co now owns 799 shares of the construction company's stock valued at $487,000 after buying an additional 112 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock valued at $60,000 after buying an additional 33 shares during the period. Russell Investments Group Ltd. grew its position in Lennox International by 27.8% during the fourth quarter. Russell Investments Group Ltd. now owns 42,430 shares of the construction company's stock worth $25,861,000 after buying an additional 9,239 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Lennox International by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock valued at $542,374,000 after acquiring an additional 317,937 shares during the period. Institutional investors and hedge funds own 67.07% of the company's stock.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on 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 directly owns 1,282 shares in the company, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.40% of the company's stock.

Lennox International Price Performance

LII traded up $14.04 during midday trading on Thursday, hitting $522.80. The company had a trading volume of 638,616 shares, compared to its average volume of 352,935. Lennox International Inc. has a twelve month low of $445.63 and a twelve month high of $682.50. The firm's 50-day simple moving average is $575.20 and its 200-day simple moving average is $607.93. The company has a market capitalization of $18.56 billion, a PE ratio of 23.19, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.25 by $0.12. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Equities research analysts predict that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, April 30th. Lennox International's dividend payout ratio is 20.41%.

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Lennox International from $565.00 to $455.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird reduced their target price on Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a research report on Thursday. UBS Group lowered their price target on shares of Lennox International from $625.00 to $570.00 and set a "neutral" rating on the stock in a report on Thursday. Morgan Stanley reduced their price objective on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a report on Thursday. Finally, Oppenheimer raised shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 target price on the stock in a research note on Thursday. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $577.00.

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.