Lennox International, Inc. (NYSE:LII) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in Lennox International, Inc. (NYSE:LII) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 576 shares of the construction company’s stock after acquiring an additional 47 shares during the period. Farther Finance Advisors LLC’s holdings in Lennox International were worth $325,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LII. City Holding Co. acquired a new position in Lennox International during the 1st quarter valued at about $35,000. Sentry Investment Management LLC acquired a new position in shares of Lennox International in the 1st quarter worth approximately $43,000. Bessemer Group Inc. grew its stake in shares of Lennox International by 50.8% in the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock worth $60,000 after purchasing an additional 33 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Lennox International by 62.5% in the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after purchasing an additional 45 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Lennox International by 1,650.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company’s stock worth $128,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Analysts Set New Price Targets

LII has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Lennox International from $455.00 to $549.00 and gave the stock an “underweight” rating in a research note on Friday, May 16th. Stephens reiterated an “overweight” rating and issued a $750.00 target price on shares of Lennox International in a report on Friday, March 7th. Royal Bank Of Canada raised their target price on shares of Lennox International from $580.00 to $582.00 and gave the stock a “sector perform” rating in a report on Thursday, April 24th. UBS Group decreased their target price on shares of Lennox International from $625.00 to $570.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Barclays decreased their target price on shares of Lennox International from $702.00 to $696.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $583.71.

Lennox International Trading Down 1.1%

NYSE:LII opened at $537.72 on Wednesday. Lennox International, Inc. has a 12 month low of $500.10 and a 12 month high of $682.50. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 23.96, a P/E/G ratio of 2.00 and a beta of 1.14. The company has a quick ratio of 0.74, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $560.82 and its 200-day moving average is $592.70.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.25 by $0.12. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. Lennox International had a net margin of 14.96% and a return on equity of 106.05%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.47 EPS. Equities analysts anticipate that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, May 30th will be issued a $1.30 dividend. This is a positive change from Lennox International’s previous quarterly dividend of $1.15. The ex-dividend date is Monday, June 30th. This represents a $5.20 annualized dividend and a dividend yield of 0.97%. Lennox International’s dividend payout ratio is presently 20.50%.

Lennox International announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 509 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the sale, the chief accounting officer now directly owns 1,582 shares in the company, valued at $898,655.10. This trade represents a 24.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.40% of the stock is owned by corporate 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.