Lennox International Inc. (NYSE:LII) Short Interest Down 9.2% in October

Lennox International Inc. (NYSE:LIIGet Rating) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,480,000 shares, a decline of 9.2% from the October 15th total of 1,630,000 shares. Based on an average daily trading volume, of 348,200 shares, the days-to-cover ratio is presently 4.3 days. Currently, 4.7% of the company’s stock are short sold.

Institutional Investors Weigh In On Lennox International

A number of large investors have recently made changes to their positions in LII. Private Trust Co. NA boosted its position in shares of Lennox International by 211.1% in the third quarter. Private Trust Co. NA now owns 112 shares of the construction company’s stock worth $25,000 after purchasing an additional 76 shares during the period. Eagle Bay Advisors LLC boosted its holdings in Lennox International by 65.3% in the 1st quarter. Eagle Bay Advisors LLC now owns 157 shares of the construction company’s stock worth $40,000 after buying an additional 62 shares during the period. Venture Visionary Partners LLC purchased a new stake in Lennox International in the 2nd quarter worth $81,000. Lazard Asset Management LLC bought a new stake in Lennox International during the third quarter valued at about $104,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Lennox International in the third quarter valued at about $189,000. 63.92% of the stock is currently owned by institutional investors.

Lennox International Stock Performance

Lennox International stock opened at $264.99 on Friday. Lennox International has a one year low of $182.85 and a one year high of $334.78. The stock has a fifty day moving average of $236.25 and a 200 day moving average of $227.66. The stock has a market cap of $9.39 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 8.64 and a beta of 0.90.

Analyst Upgrades and Downgrades

LII has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on Lennox International from $249.00 to $238.00 and set an “equal weight” rating for the company in a report on Monday, October 31st. JPMorgan Chase & Co. raised shares of Lennox International from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $210.00 to $226.00 in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Lennox International from $302.00 to $287.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. Morgan Stanley boosted their price objective on shares of Lennox International from $251.00 to $258.00 and gave the stock an “equal weight” rating in a report on Friday, October 28th. Finally, StockNews.com initiated coverage on Lennox International in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $243.91.

About Lennox International

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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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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