Geode Capital Management LLC Buys 317,937 Shares of Lennox International Inc. (NYSE:LII)

Geode Capital Management LLC boosted its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 55.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,032 shares of the construction company's stock after buying an additional 317,937 shares during the period. Geode Capital Management LLC owned about 2.50% of Lennox International worth $542,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LII. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International during the 3rd quarter valued at about $27,000. Private Trust Co. NA grew its stake 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 valued at $71,000 after purchasing an additional 45 shares during the period. Quantbot Technologies LP acquired a new position in shares of Lennox International in the 3rd quarter worth approximately $77,000. Anchor Investment Management LLC bought a new position in shares of Lennox International during the 3rd quarter worth approximately $124,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Lennox International by 1,650.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company's stock worth $128,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 67.07% of the company's stock.

Lennox International Stock Up 9.9 %

NYSE LII traded up $50.66 during trading hours on Wednesday, hitting $561.18. 673,747 shares of the company traded hands, compared to its average volume of 344,352. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The business's 50-day moving average is $584.21 and its 200-day moving average is $611.74. Lennox International Inc. has a twelve month low of $445.63 and a twelve month high of $682.50. The stock has a market capitalization of $19.97 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.36 and a beta of 1.07.

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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 (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Sell-side analysts anticipate that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.82%. Lennox International's dividend payout ratio is presently 20.41%.

Insider Activity

In related 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 transaction of $124,974.80. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LII. Mizuho lowered shares of Lennox International from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $675.00 to $625.00 in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on Lennox International from $565.00 to $455.00 and set an "underweight" rating for the company in a research note on Tuesday. Wells Fargo & Company reiterated 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. Morgan Stanley started coverage on Lennox International in a report on Monday, January 6th. They issued an "underweight" rating and a $595.00 price target for the company. Finally, Barclays upgraded Lennox International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Four equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $606.15.

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.