Everence Capital Management Inc. Buys New Shares in Lennox International Inc. (NYSE:LII)

Everence Capital Management Inc. bought a new position in shares of Lennox International Inc. (NYSE:LII - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 930 shares of the construction company's stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Achmea Investment Management B.V. raised its position in Lennox International by 7.3% during the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company's stock worth $44,570,000 after acquiring an additional 5,673 shares during the period. L & S Advisors Inc raised its position in shares of Lennox International by 0.8% during the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company's stock worth $2,854,000 after purchasing an additional 40 shares during the last quarter. Argent Trust Co raised its position in shares of Lennox International by 6.6% during the 2nd quarter. Argent Trust Co now owns 665 shares of the construction company's stock worth $356,000 after purchasing an additional 41 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Lennox International by 5.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,306 shares of the construction company's stock valued at $3,909,000 after buying an additional 349 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Lennox International by 2.2% in the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company's stock worth $1,669,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Lennox International Trading Up 1.4 %

Shares of LII stock traded up $8.19 during trading on Friday, hitting $612.71. 266,331 shares of the stock traded hands, compared to its average volume of 255,266. The firm has a market capitalization of $21.83 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lennox International Inc. has a 52-week low of $412.09 and a 52-week high of $682.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The firm's fifty day moving average price is $634.04 and its 200-day moving average price is $595.52.

Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating analysts' consensus estimates of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.37 earnings per share. As a group, research analysts forecast that Lennox International Inc. will post 21.1 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. Lennox International's dividend payout ratio (DPR) is presently 21.84%.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 200 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares in the company, valued at approximately $904,458.54. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Torres sold 581 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $620.98, for a total value of $360,789.38. Following the transaction, the executive vice president now owns 4,668 shares of the company's stock, valued at $2,898,734.64. This trade represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock worth $1,353,233 over the last three months. Insiders own 10.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LII shares. Northcoast Research assumed coverage on Lennox International in a research report on Friday, November 22nd. They issued a "sell" rating and a $475.00 target price on the stock. Royal Bank of Canada raised their price objective on Lennox International from $604.00 to $619.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. Mizuho upped their target price on shares of Lennox International from $650.00 to $675.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Finally, Robert W. Baird boosted their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Lennox International presently has a consensus rating of "Hold" and an average target price of $590.15.

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.