Pensioenfonds Rail & OV Makes New $2.91 Million Investment in Lennox International, Inc. $LII

Pensioenfonds Rail & OV acquired a new stake in Lennox International, Inc. (NYSE:LII) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,193 shares of the construction company’s stock, valued at approximately $2,909,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC acquired a new position in Lennox International during the 3rd quarter worth $26,000. SBI Securities Co. Ltd. increased its holdings in Lennox International by 3,500.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock worth $26,000 after purchasing an additional 70 shares during the period. Gen Wealth Partners Inc acquired a new stake in Lennox International in the 3rd quarter valued at about $32,000. N.E.W. Advisory Services LLC acquired a new stake in Lennox International in the 2nd quarter valued at about $37,000. Finally, Global Retirement Partners LLC acquired a new stake in Lennox International in the 2nd quarter valued at about $50,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lennox International news, EVP Daniel Sessa sold 829 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $353.17, for a total transaction of $292,777.93. Following the sale, the executive vice president owned 34,640 shares of the company’s stock, valued at approximately $12,233,808.80. This trade represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.80% of the stock is owned by corporate insiders.

Lennox International Stock Up 1.3%

Shares of NYSE:LII traded up $4.36 on Friday, hitting $352.44. 600,126 shares of the company’s stock were exchanged, compared to its average volume of 749,475. The firm’s 50-day moving average is $360.50 and its 200 day moving average is $463.78. The company has a market capitalization of $12.06 billion, a PE ratio of 16.35, a P/E/G ratio of 1.94 and a beta of 1.19. Lennox International, Inc. has a 1-year low of $322.00 and a 1-year high of $587.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.21.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.45). The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.57 billion. Lennox International had a return on equity of 62.34% and a net margin of 13.77%. Lennox International’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $6.98 EPS. Sell-side analysts predict that Lennox International, Inc. will post 21.39 EPS for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, September 30th. Lennox International’s dividend payout ratio is currently 25.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LII. Weiss Ratings cut Lennox International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, November 4th. The Goldman Sachs Group downgraded shares of Lennox International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $547.00 to $390.00 in a research note on Wednesday, October 14th. Mizuho set a $350.00 price target on shares of Lennox International in a report on Thursday, October 29th. Oppenheimer downgraded shares of Lennox International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. Finally, Stephens lowered shares of Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price objective on the stock. in a report on Thursday, October 29th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $444.85.

Lennox International Company Profile

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.