Nisa Investment Advisors LLC Grows Position in Lennox International Inc. (NYSE:LII)

Nisa Investment Advisors LLC increased its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 36.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,776 shares of the construction company's stock after buying an additional 1,792 shares during the period. Nisa Investment Advisors LLC's holdings in Lennox International were worth $4,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Lennox International during the 2nd quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV raised its stake in Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company's stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. UMB Bank n.a. lifted its holdings in 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 purchasing an additional 70 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Lennox International during the 2nd quarter worth $65,000. Finally, Bessemer Group Inc. raised its position in shares of Lennox International by 403.3% in the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company's stock valued at $73,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company's stock.

Insider Activity at Lennox International

In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now owns 8,411 shares in the company, valued at $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the sale, the director now owns 8,411 shares of the company's stock, valued at $4,828,334.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Prakash Bedapudi sold 5,374 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the transaction, the executive vice president now directly owns 16,162 shares of the company's stock, valued at approximately $9,438,608. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,214 shares of company stock worth $7,123,108. Corporate insiders own 10.40% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp cut shares of Lennox International from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on Lennox International from $507.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Mizuho upped their target price on Lennox International from $650.00 to $675.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Stephens reissued an "overweight" rating and issued a $675.00 price objective on shares of Lennox International in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised their price objective on shares of Lennox International from $570.00 to $615.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $583.92.

Lennox International Trading Up 0.1 %

NYSE LII traded up $0.90 on Friday, reaching $603.47. The stock had a trading volume of 157,833 shares, compared to its average volume of 253,952. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The stock has a fifty day moving average price of $595.11 and a two-hundred day moving average price of $548.37. Lennox International Inc. has a 12-month low of $381.34 and a 12-month high of $627.46. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.85 and a beta of 1.07.

Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company earned $5.37 EPS. Lennox International's revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that Lennox International Inc. will post 21.06 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International's payout ratio is 21.84%.

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.