Pacer Advisors Inc. Sells 1,803 Shares of Lennox International Inc. (NYSE:LII)

Pacer Advisors Inc. lessened its position in shares of Lennox International Inc. (NYSE:LII - Free Report) by 33.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,568 shares of the construction company's stock after selling 1,803 shares during the period. Pacer Advisors Inc.'s holdings in Lennox International were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB increased its holdings in shares of Lennox International by 22.4% in the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company's stock worth $3,626,000 after purchasing an additional 1,100 shares during the period. GAMMA Investing LLC increased its stake in Lennox International by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 326 shares of the construction company's stock worth $197,000 after acquiring an additional 71 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock valued at $53,000 after acquiring an additional 70 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Lennox International by 167.7% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company's stock worth $150,000 after purchasing an additional 156 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Lennox International by 87.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 229 shares of the construction company's stock worth $138,000 after purchasing an additional 107 shares during the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Chris Kosel sold 200 shares of Lennox International stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the sale, the chief accounting officer now owns 1,446 shares of the company's stock, valued at $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Todd J. Teske sold 500 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the transaction, the director now directly owns 7,911 shares in the company, valued at $5,344,038.72. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,200 shares of company stock valued at $793,228 over the last ninety days. 10.40% of the stock is currently owned by corporate insiders.

Lennox International Stock Down 0.8 %

LII stock traded down $4.40 during midday trading on Tuesday, hitting $578.53. The stock had a trading volume of 305,865 shares, compared to its average volume of 387,230. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10. The business has a 50-day moving average of $636.16 and a two-hundred day moving average of $608.35. Lennox International Inc. has a 52-week low of $412.09 and a 52-week high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Lennox International Inc. will post 23.09 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.80%. Lennox International's payout ratio is currently 20.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Northcoast Research began coverage on shares of Lennox International in a research report on Friday, November 22nd. They set a "sell" rating and a $475.00 target price for the company. Robert W. Baird upped their target price on shares of Lennox International from $648.00 to $656.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Mizuho downgraded Lennox International from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. KeyCorp cut Lennox International from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their target price on Lennox International from $617.00 to $642.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $606.00.

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.