Impax Asset Management Group plc Sells 24,595 Shares of Lennox International Inc. (NYSE:LII)

Impax Asset Management Group plc lessened its position in Lennox International Inc. (NYSE:LII - Free Report) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 221,555 shares of the construction company's stock after selling 24,595 shares during the period. Impax Asset Management Group plc owned 0.62% of Lennox International worth $133,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Lennox International in the second quarter worth $33,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Lennox International by 38.8% during 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 in the last quarter. UMB Bank n.a. increased its position in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company's stock valued at $53,000 after buying an additional 70 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in Lennox International in the second quarter worth about $65,000. Finally, Bessemer Group Inc. lifted its holdings in Lennox International by 403.3% in the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company's stock worth $73,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Lennox International from $604.00 to $619.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. Stephens reissued an "overweight" rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Wells Fargo & Company upped their target price 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. Robert W. Baird lifted their price target on shares of Lennox International from $648.00 to $656.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, KeyCorp cut shares of Lennox International from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Lennox International currently has an average rating of "Hold" and a consensus target price of $583.92.

Lennox International Stock Up 3.5 %

Shares of Lennox International stock traded up $20.96 on Tuesday, reaching $625.62. The company's stock had a trading volume of 229,904 shares, compared to its average volume of 271,615. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. Lennox International Inc. has a 52 week low of $381.49 and a 52 week high of $627.46. The firm's fifty day simple moving average is $595.62 and its two-hundred day simple moving average is $550.65.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping the consensus estimate of $5.95 by $0.73. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. Lennox International's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company earned $5.37 EPS. Equities analysts anticipate that Lennox International Inc. will post 21.06 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.74%. Lennox International's dividend payout ratio (DPR) is 21.84%.

Insider Buying and Selling

In other news, EVP Prakash Bedapudi sold 3,434 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the transaction, the executive vice president now directly owns 21,536 shares in the company, valued at $12,447,808. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the transaction, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Prakash Bedapudi sold 3,434 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares of the company's stock, valued at $12,447,808. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,214 shares of company stock worth $7,123,108. 10.40% of the stock is owned by insiders.

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.