Lennox International Inc. (NYSE:LII) Shares Sold by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. reduced its stake in shares of Lennox International Inc. (NYSE:LII – Get Rating) by 26.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 141,956 shares of the construction company’s stock after selling 52,185 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.40% of Lennox International worth $31,609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of Lennox International by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after acquiring an additional 10,227 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Lennox International during the 3rd quarter worth about $201,000. Allstate Corp purchased a new stake in shares of Lennox International during the 3rd quarter worth about $651,000. Tudor Investment Corp Et Al boosted its stake in shares of Lennox International by 668.4% during the 3rd quarter. Tudor Investment Corp Et Al now owns 40,958 shares of the construction company’s stock worth $9,120,000 after acquiring an additional 35,628 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Lennox International during the 3rd quarter worth about $104,000. 68.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LII has been the topic of several recent analyst reports. Barclays increased their target price on shares of Lennox International from $240.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lennox International from $284.00 to $300.00 in a research note on Thursday, December 15th. Mizuho raised shares of Lennox International from an “underperform” rating to a “neutral” rating and raised their price target for the company from $210.00 to $260.00 in a research note on Friday, December 16th. Robert W. Baird raised their price target on shares of Lennox International from $250.00 to $265.00 in a research note on Thursday, December 15th. Finally, UBS Group raised their price target on shares of Lennox International from $255.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, December 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $259.92.

Lennox International Price Performance

LII opened at $244.10 on Tuesday. The company’s 50 day simple moving average is $254.48 and its two-hundred day simple moving average is $247.75. Lennox International Inc. has a 1-year low of $182.85 and a 1-year high of $279.31. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 7.52 and a beta of 0.92.

Lennox International (NYSE:LII – Get Rating) last released its earnings results on Tuesday, January 31st. The construction company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.08. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. Lennox International had a net margin of 10.53% and a negative return on equity of 152.66%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $2.35 EPS. On average, equities analysts anticipate that Lennox International Inc. will post 14.84 earnings per share for the current fiscal year.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 150 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $253.03, for a total transaction of $37,954.50. Following the completion of the sale, the chief accounting officer now owns 1,851 shares in the company, valued at approximately $468,358.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Lennox International Profile

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Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.