Lennox International Inc. (LII) Position Decreased by Cobiz Investment Management LLC
Cobiz Investment Management LLC lowered its stake in shares of Lennox International Inc. (NYSE:LII) by 1.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 33,910 shares of the company’s stock after selling 542 shares during the period. Lennox International accounts for about 1.3% of Cobiz Investment Management LLC’s investment portfolio, making the stock its 28th largest position. Cobiz Investment Management LLC owned approximately 0.08% of Lennox International worth $5,325,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in LII. Smithfield Trust Co. bought a new stake in Lennox International during the second quarter valued at about $194,000. Charter Trust Co. bought a new stake in Lennox International during the second quarter valued at about $249,000. Argent Capital Management LLC bought a new stake in Lennox International during the second quarter valued at about $285,000. LS Investment Advisors LLC boosted its stake in Lennox International by 67.6% in the second quarter. LS Investment Advisors LLC now owns 2,399 shares of the company’s stock valued at $342,000 after buying an additional 968 shares during the last quarter. Finally, Copper Rock Capital Partners LLC bought a new stake in Lennox International during the second quarter valued at about $374,000. Hedge funds and other institutional investors own 67.85% of the company’s stock.
Shares of Lennox International Inc. (NYSE:LII) traded up 0.61% during mid-day trading on Monday, hitting $153.13. 252,149 shares of the stock were exchanged. Lennox International Inc. has a 12 month low of $105.65 and a 12 month high of $164.02. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 27.40 and a beta of 1.12. The company has a 50-day moving average price of $151.36 and a 200-day moving average price of $148.93.
Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, October 17th. The company reported $2.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.09. Lennox International had a return on equity of 1,385.94% and a net margin of 6.94%. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Equities analysts expect that Lennox International Inc. will post $6.88 earnings per share for the current year.
LII has been the topic of several research reports. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $172.00 to $163.00 in a research report on Monday, August 15th. KeyCorp restated a “hold” rating on shares of Lennox International in a research report on Monday, October 10th. Zacks Investment Research cut shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Robert W. Baird restated a “buy” rating and issued a $168.00 price target on shares of Lennox International in a research report on Friday, October 21st. Finally, Stifel Nicolaus reduced their price target on shares of Lennox International from $172.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, October 19th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lennox International currently has an average rating of “Hold” and a consensus target price of $146.77.
In related news, Director John W. Norris III sold 1,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $161.73, for a total value of $161,730.00. Following the completion of the transaction, the director now directly owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Douglas L. Young sold 4,407 shares of the stock in a transaction on Monday, October 17th. The shares were sold at an average price of $157.85, for a total value of $695,644.95. Following the completion of the transaction, the executive vice president now directly owns 60,452 shares of the company’s stock, valued at $9,542,348.20. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.
Lennox International Company Profile
Lennox International Inc (LII) is a global provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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