Lennox International Inc. (NYSE:LII) Position Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its position in shares of Lennox International Inc. (NYSE:LII - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,600 shares of the construction company's stock after selling 32,955 shares during the period. Impax Asset Management Group plc owned approximately 0.53% of Lennox International worth $114,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LII. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International during the 3rd quarter worth about $27,000. First Horizon Advisors Inc. acquired a new position in Lennox International during the third quarter valued at approximately $39,000. Huntington National Bank grew its stake in Lennox International by 47.9% during the third 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 period. Quantbot Technologies LP acquired a new stake in shares of Lennox International in the third quarter worth $77,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Lennox International in the 3rd quarter valued at $124,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on LII shares. Royal Bank of Canada increased their price target on Lennox International from $617.00 to $642.00 and gave the company a "sector perform" rating in a report on Thursday, January 30th. UBS Group increased their target price on Lennox International from $575.00 to $625.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. 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. Barclays upgraded Lennox International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $665.00 to $702.00 in a report on Wednesday. Finally, Mizuho lowered shares of Lennox International from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $675.00 to $625.00 in a research note on Thursday, January 30th. Four investment 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, the stock currently has an average rating of "Hold" and a consensus price target of $608.85.

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Lennox International Stock Down 3.2 %

Shares of LII traded down $19.79 during trading on Thursday, reaching $603.18. The company's stock had a trading volume of 286,212 shares, compared to its average volume of 378,521. The company has a market cap of $21.46 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 2.36 and a beta of 1.10. 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 company has a fifty day moving average of $621.20 and a two-hundred day moving average of $614.06. Lennox International Inc. has a twelve month low of $445.63 and a twelve month high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last posted 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 net margin of 15.11% and a return on equity of 126.79%. On average, sell-side analysts predict that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. Lennox International's payout ratio is 20.41%.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 194 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was 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. This represents a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.40% of the company's stock.

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.