Lennox International Inc. (NYSE:LII) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its holdings in Lennox International Inc. (NYSE:LII) by 54.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,700 shares of the construction company’s stock after selling 9,100 shares during the period. Forsta AP Fonden’s holdings in Lennox International were worth $4,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LII. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International during the 3rd quarter worth $27,000. First Horizon Advisors Inc. purchased a new position in Lennox International during the third quarter worth about $39,000. Huntington National Bank boosted its stake in Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after buying an additional 23 shares during the period. UMB Bank n.a. increased its position in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Lennox International in the 3rd quarter valued at approximately $77,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LII. JPMorgan Chase & Co. lifted their target price on shares of Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a report on Thursday. Royal Bank of Canada lifted their price objective on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research note on Thursday. Robert W. Baird increased their target price on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Mizuho downgraded Lennox International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $675.00 to $625.00 in a research report on Thursday. Finally, Morgan Stanley assumed coverage on shares of Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $602.57.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the transaction, the chief accounting officer now directly owns 1,446 shares in the company, valued at approximately $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the sale, the director now owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. This trade represents a 22.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,200 shares of company stock valued at $793,228 over the last ninety days. Insiders own 10.40% of the company’s stock.

Lennox International Stock Down 2.5 %

Lennox International stock opened at $591.45 on Friday. The stock’s fifty day moving average is $639.82 and its two-hundred day moving average is $607.36. The stock has a market cap of $21.07 billion, a PE ratio of 26.24, a P/E/G ratio of 1.79 and a beta of 1.11. Lennox International Inc. has a 1-year low of $412.09 and a 1-year high of $682.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87.

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, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 142.64% and a net margin of 15.11%. On average, sell-side analysts expect that Lennox International Inc. will post 23.08 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 0.78%. Lennox International’s dividend payout ratio is currently 20.41%.

Lennox International Company 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.