Toronto Dominion Bank Raises Holdings in Lennox International Inc. (NYSE:LII)

Toronto Dominion Bank raised its position in Lennox International Inc. (NYSE:LII - Free Report) by 27.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,960 shares of the construction company's stock after purchasing an additional 841 shares during the quarter. Toronto Dominion Bank's holdings in Lennox International were worth $2,393,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company's stock valued at $345,645,000 after acquiring an additional 12,183 shares during the period. Rhumbline Advisers increased its stake in Lennox International by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 99,181 shares of the construction company's stock worth $53,060,000 after buying an additional 2,958 shares during the period. Achmea Investment Management B.V. lifted its holdings in Lennox International by 7.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company's stock valued at $44,570,000 after buying an additional 5,673 shares in the last quarter. New York State Common Retirement Fund boosted its position in Lennox International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company's stock valued at $33,304,000 after buying an additional 2,013 shares during the period. Finally, National Pension Service grew its stake in Lennox International by 2.3% in the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company's stock worth $30,978,000 after acquiring an additional 1,140 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LII shares. KeyCorp lowered Lennox International from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 15th. Royal Bank of Canada boosted their price target on shares of Lennox International from $604.00 to $619.00 and gave the company a "sector perform" rating in a report on Thursday, October 24th. Northcoast Research started coverage on shares of Lennox International in a research note on Friday, November 22nd. They set a "sell" rating and a $475.00 price objective on the stock. Barclays boosted their price objective on shares of Lennox International from $624.00 to $674.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company increased their target price on Lennox International from $570.00 to $615.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $579.38.

Insider Buying and Selling at Lennox International

In other Lennox International news, Director Shane D. Wall sold 325 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $612.97, for a total transaction of $199,215.25. Following the completion of the transaction, the director now directly owns 2,035 shares in the company, valued at approximately $1,247,393.95. This represents a 13.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Torres sold 581 shares of Lennox International stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the sale, the executive vice president now owns 4,668 shares in the company, valued at approximately $2,898,734.64. This trade represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,106 shares of company stock valued at $1,353,233. Corporate insiders own 10.40% of the company's stock.

Lennox International Stock Performance

Shares of Lennox International stock traded up $3.53 during trading on Monday, hitting $668.03. 331,497 shares of the company's stock were exchanged, compared to its average volume of 270,817. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.02 and a beta of 1.08. The business has a 50-day simple moving average of $627.32 and a 200-day simple moving average of $583.77. Lennox International Inc. has a 52-week low of $412.09 and a 52-week high of $682.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business earned $5.37 earnings per share. The company's revenue was up 9.6% compared to the same quarter last year. On average, research analysts forecast that Lennox International Inc. will post 21.1 EPS for the current year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 0.69%. Lennox International's dividend payout ratio is presently 21.84%.

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.