MAI Capital Management reduced its stake in shares of Lennox International Inc. (NYSE:LII) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,616 shares of the construction company’s stock after selling 300 shares during the quarter. MAI Capital Management’s holdings in Lennox International were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC acquired a new position in Lennox International during the fourth quarter worth about $25,000. Huntington National Bank grew its position in shares of Lennox International by 196.6% in the first quarter. Huntington National Bank now owns 439 shares of the construction company’s stock valued at $116,000 after purchasing an additional 291 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new stake in shares of Lennox International in the first quarter valued at approximately $219,000. Cohen Lawrence B acquired a new stake in shares of Lennox International in the first quarter valued at approximately $235,000. Finally, Advisor Partners LLC grew its position in shares of Lennox International by 6.6% in the fourth quarter. Advisor Partners LLC now owns 1,046 shares of the construction company’s stock valued at $229,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 70.47% of the company’s stock.
NYSE LII traded down $2.88 during mid-day trading on Wednesday, reaching $277.72. 163,282 shares of the stock were exchanged, compared to its average volume of 315,548. Lennox International Inc. has a 1-year low of $177.36 and a 1-year high of $282.20. The firm has a market cap of $10.85 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98.
Lennox International (NYSE:LII) last announced its earnings results on Monday, April 22nd. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.29. Lennox International had a net margin of 10.17% and a negative return on equity of 261.35%. The firm had revenue of $790.30 million for the quarter, compared to analyst estimates of $748.63 million. During the same quarter last year, the business earned $1.13 earnings per share. Lennox International’s revenue was down 5.3% compared to the same quarter last year. Analysts anticipate that Lennox International Inc. will post 12.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.11%. This is a positive change from Lennox International’s previous quarterly dividend of $0.64. Lennox International’s dividend payout ratio (DPR) is 27.18%.
Several research firms have recently commented on LII. Deutsche Bank increased their price target on shares of Lennox International from $256.00 to $270.00 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Buckingham Research increased their price target on shares of Lennox International from $236.00 to $275.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Morgan Stanley increased their price target on shares of Lennox International from $202.00 to $220.00 and gave the company an “underweight” rating in a research report on Tuesday, April 23rd. Barclays increased their price target on shares of Lennox International from $258.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Cowen lowered shares of Lennox International from an “outperform” rating to a “market perform” rating and set a $276.36 price target on the stock. in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $254.49.
In related news, COO Terry L. Johnston sold 7,172 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $245.53, for a total transaction of $1,760,941.16. Following the sale, the chief operating officer now owns 27,131 shares in the company, valued at $6,661,474.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Prakash Bedapudi sold 2,995 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $277.00, for a total transaction of $829,615.00. Following the sale, the executive vice president now owns 15,114 shares in the company, valued at approximately $4,186,578. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,789 shares of company stock worth $9,537,595. 3.40% of the stock is owned by company insiders.
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Lennox International Company Profile
Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.
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