RiverFront Investment Group LLC Decreases Stake in Lennox International Inc. (NYSE:LII)

RiverFront Investment Group LLC lessened its stake in Lennox International Inc. (NYSE:LII) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,796 shares of the construction company’s stock after selling 182 shares during the quarter. RiverFront Investment Group LLC’s holdings in Lennox International were worth $1,699,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LII. Tobam raised its position in shares of Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Lennox International during the 4th quarter worth about $42,000. GAMMA Investing LLC acquired a new stake in shares of Lennox International during the 4th quarter worth about $80,000. Penobscot Investment Management Company Inc. acquired a new stake in shares of Lennox International during the 3rd quarter worth about $225,000. Finally, Rappaport Reiches Capital Management LLC acquired a new stake in shares of Lennox International during the 4th quarter worth about $239,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insiders Place Their Bets

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction 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 in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LII shares. Mizuho raised their target price on Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Stephens reissued an “overweight” rating and set a $550.00 target price on shares of Lennox International in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday. Wells Fargo & Company cut their price target on Lennox International from $545.00 to $520.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, KeyCorp lifted their price target on Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. One equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $482.31.

Lennox International Price Performance

Shares of Lennox International stock traded up $1.61 during trading on Friday, reaching $477.11. The company’s stock had a trading volume of 272,027 shares, compared to its average volume of 272,637. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. Lennox International Inc. has a 12-month low of $264.88 and a 12-month high of $501.72. The company has a market capitalization of $16.99 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02. The business has a 50 day moving average price of $472.39 and a 200-day moving average price of $435.93.

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

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. 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 payout ratio is 25.49%.

Lennox International 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.