Catalyst Funds Management Pty Ltd Acquires 600 Shares of Lennox International Inc. (NYSE:LII)

Catalyst Funds Management Pty Ltd raised its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 200.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 900 shares of the construction company's stock after purchasing an additional 600 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Lennox International were worth $548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Lennox International during the third quarter worth about $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International during the third quarter valued at approximately $39,000. Huntington National Bank lifted its holdings in Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company's stock worth $43,000 after buying an additional 23 shares during the last quarter. 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 acquiring an additional 45 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Lennox International in the 3rd quarter valued at approximately $77,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Lennox International from $617.00 to $642.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. Stephens reaffirmed an "overweight" rating and issued a $750.00 price target on shares of Lennox International in a report on Friday, March 7th. Mizuho downgraded shares of Lennox International from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. 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 on the stock. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $580.00 target price (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Four 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $614.62.

Remove Ads

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 1,282 shares of the company's stock, valued at $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.40% of the company's stock.

Lennox International Stock Down 2.2 %

Shares of LII traded down $13.25 during trading hours on Thursday, reaching $578.18. The company's stock had a trading volume of 647,203 shares, compared to its average volume of 311,220. The company has a 50 day moving average of $611.43 and a two-hundred day moving average of $615.01. 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 firm has a market cap of $20.57 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 2.36 and a beta of 1.13. Lennox International Inc. has a 1-year low of $445.63 and a 1-year high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings data 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 return on equity of 126.79% and a net margin of 15.11%. As a group, research analysts predict that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

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.