New Mexico Educational Retirement Board Lowers Stake in Lennox International Inc. (NYSE:LII)

New Mexico Educational Retirement Board trimmed its stake in Lennox International Inc. (NYSE:LII - Free Report) by 77.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the construction company's stock after selling 5,100 shares during the period. New Mexico Educational Retirement Board's holdings in Lennox International were worth $914,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Lennox International in the third quarter worth $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Lennox International in the 3rd quarter worth about $39,000. Huntington National Bank grew its position in shares of 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 buying an additional 23 shares during the period. Quantbot Technologies LP bought a new position in shares of Lennox International in the 3rd quarter worth about $77,000. Finally, Anchor Investment Management LLC purchased a new position in Lennox International during the 3rd quarter valued at about $124,000. Institutional investors own 67.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LII shares. Wells Fargo & Company restated 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. UBS Group upped their price target on Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a research note on Friday, January 3rd. Robert W. Baird lifted their price objective on Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Barclays cut their target price on Lennox International from $674.00 to $665.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 30th. Finally, Royal Bank of Canada lifted their price target 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $606.00.

Insider Activity at Lennox International

In related news, Director Sherry Buck sold 500 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares in the company, valued at approximately $1,118,632.82. The trade was a 22.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.40% of the stock is owned by company insiders.

Lennox International Stock Performance

LII traded down $27.28 during midday trading on Friday, hitting $614.10. 380,004 shares of the company traded hands, compared to its average volume of 381,274. The company's 50-day moving average is $623.77 and its 200 day moving average is $612.35. 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 firm has a market capitalization of $21.85 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10. 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 for the quarter, beating 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 expect that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, December 31st. Lennox International's dividend payout ratio (DPR) is presently 20.41%.

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.