Teachers Retirement System of The State of Kentucky Sells 1,040 Shares of Lennox International Inc. (NYSE:LII)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,226 shares of the construction company's stock after selling 1,040 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Lennox International were worth $5,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Lennox International in the 3rd quarter valued at $27,000. Bessemer Group Inc. lifted its stake in shares of Lennox International by 50.8% during the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock valued at $60,000 after acquiring an additional 33 shares during the period. Private Trust Co. NA lifted 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 acquiring an additional 45 shares during the period. Anchor Investment Management LLC bought a new position in Lennox International in the third quarter valued at about $124,000. Finally, Brown Brothers Harriman & Co. increased its position in Lennox International by 1,650.0% in the fourth 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 period. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Trading Up 3.5 %

NYSE:LII opened at $560.02 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The business's 50-day simple moving average is $577.47 and its 200-day simple moving average is $608.62. Lennox International Inc. has a fifty-two week low of $445.63 and a fifty-two week high of $682.50. The stock has a market capitalization of $19.88 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results 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%. Sell-side analysts expect that Lennox International Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

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

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 194 shares of the business's 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 owns 1,282 shares in the company, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.40% of the company's stock.

Analyst Upgrades and Downgrades

LII has been the topic of several recent research reports. Barclays raised shares of Lennox International from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $665.00 to $702.00 in a research note on Wednesday, February 26th. Stephens reaffirmed an "overweight" rating and issued a $750.00 price objective on shares of Lennox International in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of Lennox International from $565.00 to $455.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada raised 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. Finally, Mizuho cut Lennox International from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $606.15.

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.

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