Lennox International Inc. (NYSE:LII) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Lennox International Inc. (NYSE:LII) by 38.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255 shares of the construction company’s stock after purchasing an additional 71 shares during the quarter. GAMMA Investing LLC’s holdings in Lennox International were worth $136,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Naples Money Management LLC acquired a new stake in Lennox International in the fourth quarter worth about $1,588,000. Forsta AP Fonden lifted its holdings in Lennox International by 165.0% in the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after acquiring an additional 13,200 shares during the last quarter. Swedbank AB acquired a new stake in Lennox International in the 1st quarter valued at about $15,416,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Lennox International by 2.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock valued at $30,026,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Lennox International in the 1st quarter valued at about $728,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at $944,458.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.40% of the company’s stock.

Lennox International Trading Up 1.9 %

NYSE:LII opened at $545.04 on Wednesday. The stock’s 50 day moving average price is $538.75 and its 200 day moving average price is $493.06. Lennox International Inc. has a 52 week low of $334.53 and a 52 week high of $594.65. The company has a market capitalization of $19.42 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $6.15 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Lennox International Inc. will post 20.27 EPS for the current fiscal year.

Lennox International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $4.60 dividend on an annualized basis and a yield of 0.84%. This is a boost from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s dividend payout ratio is presently 26.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LII shares. Robert W. Baird upped their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. JPMorgan Chase & Co. boosted their price objective on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th. Wells Fargo & Company downgraded Lennox International from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a report on Thursday, July 25th. Finally, KeyCorp boosted their price objective on Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $543.62.

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.