Lennox International Inc. (NYSE:LII) Shares Purchased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. raised its holdings in Lennox International Inc. (NYSE:LII) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,346 shares of the construction company’s stock after purchasing an additional 41 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Lennox International were worth $1,945,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Tobam lifted its position in 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 during the period. UniSuper Management Pty Ltd purchased a new position in Lennox International in the 2nd quarter valued at $98,000. Lazard Asset Management LLC raised its position in Lennox International by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock worth $157,000 after buying an additional 191 shares during the last quarter. Penobscot Investment Management Company Inc. acquired a new stake in shares of Lennox International in the 3rd quarter worth $225,000. Finally, Rappaport Reiches Capital Management LLC purchased a new stake in shares of Lennox International in the fourth quarter valued at about $239,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Analyst Ratings Changes

LII has been the subject of several analyst reports. KeyCorp increased their price target on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Mizuho upped their price objective on Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a report on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price for the company. Barclays upped their price target on shares of Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Lennox International from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $370.00 to $330.00 in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Lennox International currently has an average rating of “Moderate Buy” and an average price target of $473.67.

Lennox International Trading Down 0.2 %

NYSE LII opened at $460.85 on Wednesday. The company has a 50-day moving average of $469.23 and a 200-day moving average of $431.13. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. Lennox International Inc. has a 12 month low of $248.05 and a 12 month high of $501.72. The company has a market cap of $16.42 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.27 and a beta of 1.02.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.17. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. As a group, equities analysts predict that Lennox International Inc. will post 19.75 earnings per share for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 0.95%. Lennox International’s dividend payout ratio (DPR) is presently 26.60%.

Insider Activity at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the business’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 transaction, the executive vice president now owns 24,533 shares in the company, valued at approximately $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares of the company’s stock, valued at $9,692,019.35. The disclosure for this sale can be found here. Company insiders own 10.40% of the company’s stock.

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.