Sumitomo Mitsui Trust Holdings Inc. Acquires 1,653 Shares of Lennox International Inc. (NYSE:LII)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Lennox International Inc. (NYSE:LII) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 67,094 shares of the construction company’s stock after buying an additional 1,653 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Lennox International were worth $30,026,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LII. Tobam lifted its position in shares of Lennox International by 1,640.0% in the fourth quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after acquiring an additional 82 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Lennox International in the second quarter valued at about $98,000. Lazard Asset Management LLC lifted its position in shares of Lennox International by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock valued at $157,000 after acquiring an additional 191 shares in the last quarter. Penobscot Investment Management Company Inc. purchased a new stake in shares of Lennox International in the third quarter worth about $225,000. Finally, Rappaport Reiches Capital Management LLC purchased a new stake in shares of Lennox International in the fourth quarter worth about $239,000. Institutional investors own 67.07% of the company’s stock.

Lennox International Trading Down 0.3 %

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

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.17. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. On average, equities analysts forecast that Lennox International Inc. will post 19.74 EPS for the current year.

Lennox International Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on LII shares. Wells Fargo & Company boosted their target price on Lennox International from $491.00 to $545.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their target price 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. Barclays boosted their target price on Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research report on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price on the stock. Finally, TD Cowen upped their price objective on Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $473.67.

Insider Buying and Selling

In related 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 value of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, 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 of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $875,667.91. Following the completion of the transaction, the executive vice president now directly owns 20,465 shares in the company, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is owned by insiders.

Lennox International 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.