Lennox International Inc. (NYSE:LII) Shares Sold by RiverFront Investment Group LLC

RiverFront Investment Group LLC reduced its position in Lennox International Inc. (NYSE:LII) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,630 shares of the construction company’s stock after selling 253 shares during the quarter. RiverFront Investment Group LLC’s holdings in Lennox International were worth $2,212,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LII. Mediolanum International Funds Ltd grew its stake in Lennox International by 469.6% in the fourth quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock valued at $12,895,000 after purchasing an additional 17,357 shares in the last quarter. Geode Capital Management LLC grew its position in Lennox International by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after purchasing an additional 12,183 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Lennox International during the 4th quarter worth approximately $6,164,000. DnB Asset Management AS raised its stake in shares of Lennox International by 94.4% in the 4th quarter. DnB Asset Management AS now owns 15,814 shares of the construction company’s stock valued at $9,635,000 after buying an additional 7,679 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after purchasing an additional 7,012 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Price Performance

Lennox International stock opened at $552.20 on Friday. 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 firm has a market capitalization of $19.65 billion, a P/E ratio of 24.50, a PEG ratio of 2.36 and a beta of 1.13. Lennox International Inc. has a one year low of $445.63 and a one year high of $682.50. The business has a fifty day moving average price of $603.95 and a 200-day moving average price of $615.30.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. As a group, equities research analysts forecast that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, April 30th. Lennox International’s payout ratio is currently 20.41%.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $580.00 target price (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research note on Thursday, January 30th. Barclays upgraded Lennox International from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Finally, Mizuho cut Lennox International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $614.62.

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.