Corebridge Financial Inc. Has $5.18 Million Position in Lennox International Inc. (NYSE:LII)

Corebridge Financial Inc. cut its position in shares of Lennox International Inc. (NYSE:LII - Free Report) by 77.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,493 shares of the construction company's stock after selling 29,809 shares during the quarter. Corebridge Financial Inc.'s holdings in Lennox International were worth $5,175,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors 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 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 worth $71,000 after purchasing an additional 45 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Lennox International in the 3rd quarter worth approximately $77,000. Anchor Investment Management LLC acquired a new stake in Lennox International during the third quarter valued at approximately $124,000. Finally, Vicus Capital acquired a new stake in Lennox International during the fourth quarter valued at approximately $202,000. Institutional investors own 67.07% of the company's stock.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.40% of the stock is currently owned by company insiders.

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Lennox International Stock Down 4.8 %

Lennox International stock traded down $27.30 during trading hours on Thursday, hitting $547.23. The company had a trading volume of 662,868 shares, compared to its average volume of 337,681. The firm's fifty day moving average is $596.07 and its 200-day moving average is $614.98. The firm has a market capitalization of $19.47 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. Lennox International Inc. has a fifty-two week low of $445.63 and a fifty-two week high of $682.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90.

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 for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.84%. Lennox International's dividend payout ratio is 20.41%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Royal Bank of Canada lifted their price target 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. Wells Fargo & Company reaffirmed 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. JPMorgan Chase & Co. lifted their price target on Lennox International from $536.00 to $565.00 and gave the stock an "underweight" rating in a research note on Thursday, January 30th. Mizuho downgraded Lennox International from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Finally, Barclays upgraded shares of Lennox International from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Lennox International has a consensus rating of "Hold" and a consensus price target of $614.62.

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.