Jensen Investment Management Inc. Has $4.96 Million Position in Lennox International Inc. (NYSE:LII)

Jensen Investment Management Inc. lowered its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 30.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,200 shares of the construction company's stock after selling 3,570 shares during the period. Jensen Investment Management Inc.'s holdings in Lennox International were worth $4,955,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers raised its position 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 valued at $53,060,000 after purchasing an additional 2,958 shares during the period. Achmea Investment Management B.V. lifted 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 last quarter. New York State Common Retirement Fund lifted its position in Lennox International by 3.8% during the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company's stock worth $33,304,000 after acquiring an additional 2,013 shares during the last quarter. National Pension Service boosted its holdings in shares of Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company's stock worth $30,978,000 after acquiring an additional 1,140 shares during the period. Finally, Swedbank AB acquired a new position in shares of Lennox International in the first quarter valued at approximately $15,416,000. Institutional investors and hedge funds own 67.07% of the company's stock.

Lennox International Price Performance

Shares of LII traded up $8.71 during midday trading on Friday, hitting $630.95. The company's stock had a trading volume of 277,032 shares, compared to its average volume of 263,896. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. Lennox International Inc. has a one year low of $386.11 and a one year high of $636.25. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The company's fifty day simple moving average is $598.90 and its two-hundred day simple moving average is $555.04.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping 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 firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $5.37 earnings per share. The business's quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts expect 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 was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.15 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.73%. Lennox International's dividend payout ratio is currently 21.84%.

Insiders Place Their Bets

In other news, Director Shane D. Wall sold 325 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the completion of the transaction, the director now directly owns 2,035 shares in the company, valued at approximately $1,247,393.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Prakash Bedapudi sold 5,374 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the sale, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Shane D. Wall sold 325 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the transaction, the director now owns 2,035 shares of the company's stock, valued at approximately $1,247,393.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,214 shares of company stock valued at $7,123,108. 10.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Robert W. Baird lifted their price target on Lennox International from $648.00 to $656.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Mizuho upped their price target on shares of Lennox International from $650.00 to $675.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective 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. Barclays increased their target price on shares of Lennox International from $575.00 to $624.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Finally, Stephens reiterated an "overweight" rating and issued a $675.00 price target on shares of Lennox International in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lennox International presently has a consensus rating of "Hold" and a consensus price target of $583.92.

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.