454 Shares in Lennox International Inc. (NYSE:LII) Acquired by Readystate Asset Management LP

Readystate Asset Management LP acquired a new position in Lennox International Inc. (NYSE:LII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 454 shares of the construction company’s stock, valued at approximately $203,000.

A number of other large investors also recently bought and sold shares of LII. Captrust Financial Advisors raised its stake in Lennox International by 662.1% in the second quarter. Captrust Financial Advisors now owns 4,085 shares of the construction company’s stock worth $844,000 after buying an additional 3,549 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Lennox International by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 16,911 shares of the construction company’s stock worth $3,766,000 after buying an additional 141 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Lennox International by 35.2% in the third quarter. Neuberger Berman Group LLC now owns 2,353 shares of the construction company’s stock worth $524,000 after buying an additional 612 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Lennox International by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after purchasing an additional 10,227 shares during the last quarter. Finally, Allstate Investment Management Co. purchased a new position in Lennox International in the fourth quarter worth $710,000. Institutional investors own 67.07% of the company’s stock.

Lennox International Price Performance

Shares of LII traded up $1.22 during mid-day trading on Thursday, hitting $459.07. 231,852 shares of the company were exchanged, compared to its average volume of 260,946. Lennox International Inc. has a 1-year low of $253.57 and a 1-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. The company has a 50 day moving average of $469.84 and a 200-day moving average of $431.50. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Analysts expect that Lennox International Inc. will post 19.74 EPS for the current fiscal year.

Lennox International Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on LII. Barclays boosted their price objective on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada boosted their price objective on shares of Lennox International from $392.00 to $414.00 and gave the company a “sector perform” rating in a report on Thursday, February 1st. TD Cowen boosted their price objective on shares of Lennox International from $450.00 to $505.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lowered shares of Lennox International from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $370.00 to $330.00 in a report on Thursday, February 1st. Finally, StockNews.com lowered shares of Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Lennox International has an average rating of “Moderate Buy” and a consensus target price of $473.67.

Insider Activity at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the stock in a transaction that occurred on 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 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 accessible through this link. 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 transaction of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

About Lennox International

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.