Driehaus Capital Management LLC Buys New Shares in Lennox International Inc. (NYSE:LII)

Driehaus Capital Management LLC purchased a new position in shares of Lennox International Inc. (NYSE:LII - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 20,776 shares of the construction company's stock, valued at approximately $11,115,000. Driehaus Capital Management LLC owned 0.06% of Lennox International at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LII. Forsta AP Fonden grew its stake in Lennox International by 165.0% during the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company's stock worth $10,362,000 after purchasing an additional 13,200 shares during the period. Swedbank AB bought a new stake in shares of Lennox International in the 1st quarter valued at $15,416,000. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company's stock valued at $35,745,000 after acquiring an additional 6,041 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Lennox International during the 1st quarter valued at $728,000. Finally, Brevan Howard Capital Management LP boosted its stake in Lennox International by 494.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,622 shares of the construction company's stock worth $1,621,000 after acquiring an additional 3,013 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares of the company's stock, valued at $9,438,608. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the business's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock worth $7,563,793 in the last quarter. 10.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LII. Barclays upped their price objective on shares of Lennox International from $517.00 to $550.00 and gave the company an "equal weight" rating in a report on Friday, July 26th. Stephens reiterated an "overweight" rating and issued a $675.00 price target on shares of Lennox International in a report on Thursday, July 25th. KeyCorp boosted their price objective on Lennox International from $515.00 to $600.00 and gave the company an "overweight" rating in a report on Monday, July 22nd. Wells Fargo & Company cut Lennox International from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. Finally, Royal Bank of Canada boosted their price target on shares of Lennox International from $566.00 to $572.00 and gave the company a "sector perform" rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $555.00.

Lennox International Stock Performance

NYSE LII opened at $604.87 on Monday. The company has a fifty day moving average price of $576.06 and a 200-day moving average price of $527.71. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.97 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International Inc. has a 1 year low of $334.53 and a 1 year high of $627.09.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $6.15 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Lennox International Inc. will post 20.32 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.76%. Lennox International's dividend payout ratio is currently 26.65%.

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.

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