Strs Ohio Lowers Holdings in Lennox International Inc. (NYSE:LII)

Strs Ohio trimmed its position in Lennox International Inc. (NYSE:LII) by 13.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,194 shares of the construction company’s stock after selling 508 shares during the quarter. Strs Ohio’s holdings in Lennox International were worth $1,429,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LII. Tobam raised its position in shares of Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Lennox International in the 2nd quarter worth $98,000. Lazard Asset Management LLC raised its position in shares of Lennox International by 40.8% in the 4th quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock worth $157,000 after acquiring an additional 191 shares in the last quarter. Penobscot Investment Management Company Inc. bought a new position in shares of Lennox International in the 3rd quarter worth $225,000. Finally, Rappaport Reiches Capital Management LLC bought a new position in shares of Lennox International in the 4th quarter worth $239,000. 67.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LII shares. Royal Bank of Canada boosted their price target on Lennox International from $392.00 to $414.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered Lennox International from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $370.00 to $330.00 in a research report on Thursday, February 1st. TD Cowen upped their target price on Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Mizuho upped their target price on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company upped their target price on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Lennox International has a consensus rating of “Moderate Buy” and a consensus target price of $473.67.

Lennox International Stock Down 0.3 %

Shares of LII stock opened at $457.15 on Monday. The stock’s 50-day simple moving average is $469.85 and its 200-day simple moving average is $433.02. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41. The firm has a market capitalization of $16.28 billion, a PE ratio of 27.64, a P/E/G ratio of 2.24 and a beta of 1.02. Lennox International Inc. has a fifty-two week low of $256.74 and a fifty-two week high of $501.72.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Equities analysts expect that Lennox International Inc. will post 19.74 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.96%. Lennox International’s payout ratio is 26.60%.

Insider Transactions at Lennox International

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

Lennox International Company 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.