Lennox International Inc. (NYSE:LII) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its position in Lennox International Inc. (NYSE:LII) by 58.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,122 shares of the construction company’s stock after selling 31,241 shares during the period. Ameriprise Financial Inc. owned 0.06% of Lennox International worth $13,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LII. Geode Capital Management LLC boosted its stake in shares of Lennox International by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock worth $542,374,000 after acquiring an additional 317,937 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Lennox International by 247.1% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company’s stock worth $16,220,000 after buying an additional 18,950 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in Lennox International by 469.6% during the fourth quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock worth $12,895,000 after buying an additional 17,357 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Lennox International by 182.1% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,068 shares of the construction company’s stock worth $10,400,000 after buying an additional 11,018 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Lennox International during the fourth quarter worth $6,164,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LII. Barclays lowered their price objective on Lennox International from $702.00 to $696.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. UBS Group lowered their price objective on Lennox International from $625.00 to $570.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Mizuho lowered Lennox International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on Lennox International from $455.00 to $549.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Robert W. Baird lowered their price objective on Lennox International from $608.00 to $600.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Lennox International has an average rating of “Hold” and an average price target of $583.71.

Insiders Place Their Bets

In other news, CAO Chris Kosel sold 509 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total transaction of $289,137.45. Following the completion of the transaction, the chief accounting officer now directly owns 1,582 shares of the company’s stock, valued at approximately $898,655.10. This represents a 24.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.73% of the stock is owned by company insiders.

Lennox International Price Performance

LII stock opened at $605.33 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $21.48 billion, a PE ratio of 26.86, a P/E/G ratio of 2.36 and a beta of 1.18. Lennox International Inc. has a 12-month low of $483.42 and a 12-month high of $682.50. The business’s fifty day moving average price is $560.98 and its 200 day moving average price is $603.34.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.25 by $0.12. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.47 EPS. On average, sell-side analysts anticipate that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.15 per share. The ex-dividend date was Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.76%. Lennox International’s dividend payout ratio (DPR) is 20.50%.

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.