Geode Capital Management LLC Boosts Holdings in Lennox International Inc. (NYSE:LII)

Geode Capital Management LLC increased its holdings in Lennox International Inc. (NYSE:LII - Free Report) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571,095 shares of the construction company's stock after purchasing an additional 12,183 shares during the period. Geode Capital Management LLC owned 1.60% of Lennox International worth $345,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LII. Driehaus Capital Management LLC purchased a new position in shares of Lennox International in the second quarter worth $11,115,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Lennox International by 1,065.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company's stock worth $4,635,000 after purchasing an additional 7,012 shares in the last quarter. Achmea Investment Management B.V. boosted its holdings in shares of Lennox International by 7.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company's stock valued at $44,570,000 after purchasing an additional 5,673 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Lennox International by 26.9% during the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company's stock valued at $14,056,000 after purchasing an additional 4,927 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Lennox International by 3.1% in the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company's stock worth $53,060,000 after purchasing an additional 2,958 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the sale, the director now directly owns 7,911 shares in the company, valued at $5,344,038.72. The trade was a 5.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Shane D. Wall sold 325 shares of the company's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the sale, the director now directly owns 2,035 shares of the company's stock, valued at approximately $1,247,393.95. This trade represents a 13.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,106 shares of company stock worth $1,353,233 in the last three months. Corporate insiders own 10.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price target on Lennox International from $604.00 to $619.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. Barclays increased their target price on Lennox International from $624.00 to $674.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. KeyCorp cut shares of Lennox International from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 15th. Robert W. Baird lifted their price objective on shares of Lennox International from $648.00 to $656.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $579.38.

Lennox International Trading Up 0.4 %

Shares of LII traded up $2.50 during mid-day trading on Friday, reaching $664.50. 261,288 shares of the company's stock traded hands, compared to its average volume of 270,565. 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 stock's 50-day moving average is $627.32 and its two-hundred day moving average is $583.09. Lennox International Inc. has a 12 month low of $412.09 and a 12 month high of $682.50. The stock has a market cap of $23.67 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.02 and a beta of 1.08.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company posted $5.37 EPS. Lennox International's quarterly revenue was up 9.6% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 0.69%. Lennox International's dividend payout ratio (DPR) is 21.84%.

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.