GAMMA Investing LLC Purchases Shares of 187 Lennox International Inc. (NYSE:LII)

GAMMA Investing LLC bought a new position in shares of Lennox International Inc. (NYSE:LII) in the 4th quarter, Holdings Channel reports. The fund bought 187 shares of the construction company’s stock, valued at approximately $80,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Forsta AP Fonden increased its stake in shares of Lennox International by 11.8% in the 3rd quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock valued at $8,500,000 after acquiring an additional 2,400 shares in the last quarter. Strs Ohio acquired a new stake in Lennox International in the third quarter worth $1,386,000. Nisa Investment Advisors LLC increased its stake in Lennox International by 4.8% in the third quarter. Nisa Investment Advisors LLC now owns 5,537 shares of the construction company’s stock valued at $2,073,000 after purchasing an additional 253 shares in the last quarter. RiverFront Investment Group LLC acquired a new position in shares of Lennox International during the third quarter valued at about $1,490,000. Finally, Advisors Preferred LLC bought a new position in shares of Lennox International during the 3rd quarter worth about $370,000. 67.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on LII shares. Barclays upped their price target on Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a report on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price on the stock. TD Cowen boosted their price target on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Stephens reaffirmed an “overweight” rating and issued a $550.00 price objective on shares of Lennox International in a research note on Thursday, April 25th. Finally, Royal Bank of Canada boosted their target price on shares of Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International has a consensus rating of “Moderate Buy” and a consensus target price of $482.31.

Lennox International Price Performance

Shares of NYSE LII opened at $477.31 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.68 and a debt-to-equity ratio of 3.13. The stock has a fifty day simple moving average of $472.97 and a two-hundred day simple moving average of $436.90. Lennox International Inc. has a 1-year low of $271.51 and a 1-year high of $501.72. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Analysts anticipate that Lennox International Inc. will post 19.82 earnings per share for the current year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. Lennox International’s dividend payout ratio is presently 25.49%.

Insider Activity at Lennox International

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

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.