10,100 Shares in Lennox International Inc. (NYSE:LII) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Lennox International Inc. (NYSE:LII) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,100 shares of the construction company’s stock, valued at approximately $6,164,000.

Several other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Lennox International during the 3rd quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Lennox International in the third quarter valued at approximately $39,000. Private Trust Co. NA grew its stake in shares of Lennox International by 62.5% during the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after buying an additional 45 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Lennox International during the third quarter worth $77,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Lennox International during the third quarter worth $124,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Stock Performance

Shares of LII opened at $587.59 on Wednesday. The firm’s fifty day simple moving average is $608.22 and its two-hundred day simple moving average is $615.84. Lennox International Inc. has a 12 month low of $445.63 and a 12 month high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $20.91 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. As a group, analysts predict that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.78%. Lennox International’s dividend payout ratio is currently 20.41%.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LII shares. Barclays upgraded Lennox International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $665.00 to $702.00 in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $675.00 to $625.00 in a report on Thursday, January 30th. Royal Bank of Canada boosted their target price on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, UBS Group raised their price target on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International presently has an average rating of “Hold” and an average price target of $614.62.

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.