Lennox International Inc. (NYSE:LII) Stake Reduced by L & S Advisors Inc

L & S Advisors Inc decreased its position in Lennox International Inc. (NYSE:LII - Free Report) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,749 shares of the construction company's stock after selling 963 shares during the period. L & S Advisors Inc's holdings in Lennox International were worth $2,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Lennox International during the third quarter worth about $27,000. Private Trust Co. NA raised 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 acquiring an additional 45 shares during the period. Quantbot Technologies LP purchased a new position in shares of Lennox International during the third quarter worth $77,000. Anchor Investment Management LLC purchased a new stake in shares of Lennox International during the third quarter worth approximately $124,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Lennox International by 1,650.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company's stock valued at $128,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LII shares. Stephens reaffirmed an "overweight" rating and set a $750.00 price objective on shares of Lennox International in a research report on Friday, March 7th. Wells Fargo & Company reiterated an "underweight" rating and issued a $580.00 price objective (down previously from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Morgan Stanley assumed coverage on Lennox International in a research note on Monday, January 6th. They set an "underweight" rating and a $595.00 target price for the company. Royal Bank of Canada boosted their price objective on shares of Lennox International from $617.00 to $642.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Finally, UBS Group boosted their price target on shares of Lennox International from $575.00 to $625.00 and gave the company a "neutral" rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $614.62.

Remove Ads

Lennox International Price Performance

Shares of Lennox International stock traded down $20.65 on Thursday, hitting $553.88. The company's stock had a trading volume of 229,619 shares, compared to its average volume of 406,262. 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 market capitalization of $19.71 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. The firm has a fifty day moving average price of $598.47 and a 200-day moving average price of $615.46. Lennox International Inc. has a 52-week low of $445.63 and a 52-week high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts expect that Lennox International Inc. will post 22.94 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 Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.83%. Lennox International's payout ratio is currently 20.41%.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 194 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.40% of the company's stock.

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.