Crestwood Advisors Group LLC Makes New $322,000 Investment in Lennox International Inc. (NYSE:LII)

Crestwood Advisors Group LLC purchased a new stake in Lennox International Inc. (NYSE:LII - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 528 shares of the construction company's stock, valued at approximately $322,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in shares of Lennox International in the 4th quarter worth about $567,000. Toronto Dominion Bank increased its holdings in shares of Lennox International by 27.0% in the 3rd 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 during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Lennox International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company's stock worth $33,304,000 after buying an additional 2,013 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Lennox International by 3.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company's stock worth $415,000 after buying an additional 20 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of Lennox International by 2.3% in the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company's stock worth $30,978,000 after buying an additional 1,140 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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. Royal Bank of Canada boosted their target price 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. Wells Fargo & Company reaffirmed an "underweight" rating and set a $580.00 price target (down from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. 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 research note on Thursday, January 30th. Finally, Barclays raised shares of Lennox International from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $665.00 to $702.00 in a research note on Wednesday. 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $608.85.

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Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 1,282 shares of the company's stock, valued at $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.40% of the stock is currently owned by corporate insiders.

Lennox International Stock Down 0.2 %

Shares of LII traded down $1.21 during mid-day trading on Friday, hitting $601.04. The company's stock had a trading volume of 581,868 shares, compared to its average volume of 383,735. The company's 50-day moving average is $620.66 and its 200-day moving average is $614.35. Lennox International Inc. has a 52-week low of $445.63 and a 52-week high of $682.50. The firm has a market capitalization of $21.39 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.36 and a beta of 1.10. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share 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%. On average, equities research analysts forecast that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.77%. Lennox International's payout ratio is 20.41%.

Lennox International 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.