iA Global Asset Management Inc. Has $2.49 Million Holdings in Lennox International, Inc. $LII

iA Global Asset Management Inc. boosted its holdings in Lennox International, Inc. (NYSE:LII) by 33.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,696 shares of the construction company’s stock after acquiring an additional 1,185 shares during the quarter. iA Global Asset Management Inc.’s holdings in Lennox International were worth $2,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of Lennox International by 217.2% in the third quarter. Covestor Ltd now owns 92 shares of the construction company’s stock worth $48,000 after purchasing an additional 63 shares during the last quarter. Root Financial Partners LLC bought a new stake in Lennox International during the third quarter worth $28,000. Arkadios Wealth Advisors raised its position in Lennox International by 53.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 651 shares of the construction company’s stock valued at $345,000 after buying an additional 228 shares during the last quarter. Allstate Corp bought a new position in Lennox International during the 3rd quarter valued at $501,000. Finally, Quent Capital LLC bought a new position in Lennox International during the 3rd quarter valued at $120,000. 67.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Todd J. Teske sold 600 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $491.85, for a total value of $295,110.00. Following the sale, the director directly owned 7,581 shares in the company, valued at approximately $3,728,714.85. The trade was a 7.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.73% of the company’s stock.

Lennox International Stock Down 0.1%

Lennox International stock opened at $509.13 on Friday. The firm has a 50 day moving average price of $498.54 and a 200-day moving average price of $536.84. The company has a quick ratio of 0.80, a current ratio of 1.68 and a debt-to-equity ratio of 0.78. Lennox International, Inc. has a twelve month low of $443.19 and a twelve month high of $689.44. The company has a market capitalization of $17.86 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.93 and a beta of 1.18.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 EPS for the quarter, beating the consensus estimate of $6.69 by $0.29. Lennox International had a return on equity of 91.96% and a net margin of 15.74%.The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $6.68 earnings per share. Lennox International’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities analysts predict that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, December 31st. This represents a $5.20 annualized dividend and a dividend yield of 1.0%. Lennox International’s dividend payout ratio is presently 21.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LII. Morgan Stanley reduced their target price on shares of Lennox International from $535.00 to $475.00 and set an “underweight” rating for the company in a research note on Thursday, October 23rd. Northcoast Research raised shares of Lennox International from a “sell” rating to a “neutral” rating and set a $525.00 price objective for the company in a research report on Monday, October 27th. Wolfe Research raised shares of Lennox International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, November 13th. UBS Group initiated coverage on Lennox International in a report on Monday, January 5th. They issued a “neutral” rating and a $530.00 target price for the company. Finally, Royal Bank Of Canada decreased their price target on Lennox International from $598.00 to $555.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus price target of $597.25.

Lennox International Company Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.