iA Global Asset Management Inc. Sells 24 Shares of Lennox International Inc. (NYSE:LII)

iA Global Asset Management Inc. cut its stake in shares of Lennox International Inc. (NYSE:LII) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 701 shares of the construction company’s stock after selling 24 shares during the quarter. iA Global Asset Management Inc.’s holdings in Lennox International were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Catalyst Funds Management Pty Ltd raised its holdings in Lennox International by 200.0% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 900 shares of the construction company’s stock valued at $548,000 after buying an additional 600 shares during the last quarter. Jones Financial Companies Lllp increased its position in Lennox International by 487.7% during the 4th quarter. Jones Financial Companies Lllp now owns 429 shares of the construction company’s stock valued at $261,000 after purchasing an additional 356 shares during the period. Private Trust Co. NA increased its position in Lennox International by 62.5% during the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after purchasing an additional 45 shares during the period. Crestwood Advisors Group LLC purchased a new position in Lennox International during the 4th quarter valued at $322,000. Finally, Vicus Capital purchased a new position in Lennox International during the 4th quarter valued at $202,000. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Performance

Shares of Lennox International stock opened at $570.07 on Friday. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.36 and a beta of 1.13. The firm’s 50-day moving average is $609.66 and its 200 day moving average is $614.98. Lennox International Inc. has a 1 year low of $445.63 and a 1 year high of $682.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Sell-side analysts anticipate that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.81%. Lennox International’s payout ratio is 20.41%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LII. Mizuho downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $675.00 to $625.00 in a research report on Thursday, January 30th. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $665.00 to $702.00 in a research report on Wednesday, February 26th. Stephens reaffirmed an “overweight” rating and issued a $750.00 target price on shares of Lennox International in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $580.00 target price (down from $630.00) on shares of Lennox International in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Lennox International currently has a consensus rating of “Hold” and a consensus price target of $614.62.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at approximately $825,864.40. This represents a 13.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.40% of the stock is currently owned by company insiders.

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.