iA Global Asset Management Inc. Reduces Holdings in Lennox International Inc. (NYSE:LII)

iA Global Asset Management Inc. decreased its holdings in Lennox International Inc. (NYSE:LII) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 701 shares of the construction company’s stock after selling 24 shares during the quarter. iA Global Asset Management Inc.’s holdings in Lennox International were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LII. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International in the third quarter worth approximately $27,000. First Horizon Advisors Inc. purchased a new position in shares of Lennox International in the third quarter worth approximately $39,000. Private Trust Co. NA boosted its holdings in shares of Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after buying an additional 45 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Lennox International in the third quarter worth approximately $77,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Lennox International in the third quarter worth approximately $124,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Activity

In related news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LII shares. Stephens reissued an “overweight” rating and issued a $750.00 price objective on shares of Lennox International in a report on Friday, March 7th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $580.00 price target (down previously from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Morgan Stanley started coverage on shares of Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target on the stock. UBS Group lifted their price target on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada lifted their price target on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International has a consensus rating of “Hold” and an average price target of $614.62.

Lennox International Stock Down 1.5 %

Shares of LII opened at $570.07 on Friday. The firm has a market capitalization of $20.28 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.36 and a beta of 1.13. Lennox International Inc. has a 12-month low of $445.63 and a 12-month high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm has a fifty day moving average price of $609.66 and a 200-day moving average price of $614.98.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) 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%. Equities research analysts expect that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.81%. Lennox International’s dividend payout ratio is currently 20.41%.

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.