Russell Investments Group Ltd. Raises Position in Lennox International Inc. (NYSE:LII)

Russell Investments Group Ltd. raised its position in shares of Lennox International Inc. (NYSE:LII - Free Report) by 27.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,430 shares of the construction company's stock after buying an additional 9,239 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Lennox International worth $25,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LII. Wilmington Savings Fund Society FSB bought a new stake in Lennox International during the 3rd quarter worth about $27,000. Private Trust Co. NA grew its stake in shares of Lennox International by 62.5% during the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock valued at $71,000 after purchasing an additional 45 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Lennox International during the third quarter valued at approximately $124,000. Brown Brothers Harriman & Co. raised its position in Lennox International by 1,650.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company's stock worth $128,000 after purchasing an additional 198 shares during the last quarter. Finally, Vicus Capital bought a new position in Lennox International in the 4th quarter worth approximately $202,000. Institutional investors own 67.07% of the company's stock.

Lennox International Stock Performance

Shares of NYSE LII traded up $6.38 during mid-day trading on Monday, hitting $560.80. The company had a trading volume of 41,550 shares, compared to its average volume of 419,849. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Lennox International Inc. has a 1 year low of $445.63 and a 1 year high of $682.50. The company has a market capitalization of $19.95 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 2.36 and a beta of 1.07. The stock's 50-day moving average price is $583.06 and its 200-day moving average price is $610.77.

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Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $1.15 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.82%. Lennox International's payout ratio is currently 20.41%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Lennox International from $565.00 to $455.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reissued an "underweight" rating and set a $580.00 price target (down from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Morgan Stanley assumed coverage on shares of Lennox International in a report on Monday, January 6th. They set an "underweight" rating and a $595.00 target price for the company. Stephens reiterated an "overweight" rating and issued a $750.00 price objective on shares of Lennox International in a report on Friday, March 7th. Finally, UBS Group raised their target price on Lennox International from $575.00 to $625.00 and gave the stock a "neutral" rating in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $606.15.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.40% of the company's stock.

Lennox International 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.