Jensen Investment Management Inc. Sells 2,220 Shares of Lennox International Inc. (NYSE:LII)

Jensen Investment Management Inc. decreased its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,980 shares of the construction company's stock after selling 2,220 shares during the quarter. Jensen Investment Management Inc.'s holdings in Lennox International were worth $3,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Lennox International during the third quarter worth $27,000. First Horizon Advisors Inc. acquired a new position in shares of Lennox International during the 3rd quarter valued at about $39,000. Huntington National Bank lifted its holdings in Lennox International by 47.9% in the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company's stock worth $43,000 after purchasing an additional 23 shares during the last quarter. Private Trust Co. NA boosted its position in Lennox International by 62.5% during the fourth 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 period. Finally, Quantbot Technologies LP acquired a new position in Lennox International during the third quarter valued at approximately $77,000. Institutional investors own 67.07% of the company's stock.

Lennox International Price Performance

NYSE LII traded down $13.25 on Thursday, reaching $578.18. The company's stock had a trading volume of 647,203 shares, compared to its average volume of 311,220. The firm has a market cap of $20.57 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Lennox International Inc. has a 52 week low of $445.63 and a 52 week high of $682.50. The business has a 50-day moving average price of $611.43 and a 200 day moving average price of $615.01.

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Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping 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%. Sell-side analysts expect that Lennox International Inc. will post 22.94 EPS for the current year.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 1,282 shares in the company, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on LII. Wells Fargo & Company reaffirmed an "underweight" rating and set a $580.00 price objective (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Stephens reaffirmed an "overweight" rating and issued a $750.00 price target on shares of Lennox International in a research report on Friday, March 7th. Mizuho cut 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 research report on Thursday, January 30th. Barclays raised Lennox International from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $665.00 to $702.00 in a report on Wednesday, February 26th. Finally, Northcoast Research assumed coverage on Lennox International in a report on Friday, November 22nd. They set a "sell" rating and a $475.00 price target for the company. Four equities 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $614.62.

Lennox International Company 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.