Teachers Advisors LLC Sells 203,748 Shares of Lennox International, Inc. (LII)
Teachers Advisors LLC lessened its holdings in Lennox International, Inc. (NYSE:LII) by 78.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,603 shares of the construction company’s stock after selling 203,748 shares during the quarter. Teachers Advisors LLC owned approximately 0.14% of Lennox International worth $10,578,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its position in Lennox International by 16.7% during the 2nd quarter. Huntington National Bank now owns 566 shares of the construction company’s stock worth $104,000 after buying an additional 81 shares during the period. Calamos Advisors LLC bought a new stake in Lennox International during the 2nd quarter worth approximately $213,000. Copper Rock Capital Partners LLC grew its holdings in Lennox International by 308.7% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 2,632 shares of the construction company’s stock worth $403,000 after acquiring an additional 1,988 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Lennox International by 64.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the construction company’s stock worth $422,000 after acquiring an additional 897 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in Lennox International by 2.2% during the 2nd quarter. World Asset Management Inc now owns 2,784 shares of the construction company’s stock worth $511,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.
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Several equities analysts have recently issued reports on the stock. Wolfe Research started coverage on shares of Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Stifel Nicolaus reissued a “hold” rating on shares of Lennox International in a research note on Tuesday, July 25th. Morgan Stanley boosted their price objective on shares of Lennox International from $161.00 to $166.00 and gave the stock an “underweight” rating in a research note on Monday, September 25th. BidaskClub downgraded Lennox International from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $190.00 target price (up from $162.50) on shares of Lennox International in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $178.33.
In related news, Chairman Todd M. Bluedorn sold 11,387 shares of Lennox International stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $170.75, for a total value of $1,944,330.25. Following the transaction, the chairman now directly owns 181,410 shares of the company’s stock, valued at $30,975,757.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David W. Moon sold 2,350 shares of Lennox International stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total transaction of $402,907.50. Following the completion of the transaction, the executive vice president now directly owns 112,408 shares in the company, valued at $19,272,351.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,094 shares of company stock valued at $2,409,181. Insiders own 3.60% of the company’s stock.
Shares of Lennox International, Inc. (NYSE:LII) opened at 179.02 on Tuesday. The stock’s 50 day moving average is $167.74 and its 200 day moving average is $172.97. Lennox International, Inc. has a 52-week low of $140.97 and a 52-week high of $192.58. The firm has a market capitalization of $7.55 billion, a PE ratio of 25.79 and a beta of 1.15.
Lennox International (NYSE:LII) last issued its earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $2.53 EPS. Lennox International’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Lennox International, Inc. will post $7.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.51 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.04 annualized dividend and a yield of 1.14%. Lennox International’s payout ratio is currently 29.35%.
About Lennox International
Lennox International Inc is a 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. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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