Massmutual Trust Co. FSB ADV Raises Position in Lennox International Inc. (NYSE:LII)

Massmutual Trust Co. FSB ADV grew its holdings in Lennox International Inc. (NYSE:LII) by 38.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68 shares of the construction company’s stock after acquiring an additional 19 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Lennox International were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LII. Swedbank AB acquired a new position in Lennox International during the 1st quarter worth approximately $15,416,000. SG Americas Securities LLC boosted its holdings in shares of Lennox International by 279.7% in the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock valued at $12,588,000 after buying an additional 18,972 shares in the last quarter. Forsta AP Fonden boosted its stake in Lennox International by 165.0% in the first 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 in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Lennox International in the 4th quarter valued at about $5,795,000. Finally, Russell Investments Group Ltd. grew its position in shares of Lennox International by 33.6% during the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after acquiring an additional 11,077 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Stock Performance

Shares of LII stock opened at $545.04 on Wednesday. Lennox International Inc. has a one year low of $334.53 and a one year high of $594.65. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth 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. The company has a 50 day moving average price of $538.75 and a 200 day moving average price of $493.06.

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

Lennox International Increases Dividend

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

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LII shares. Wells Fargo & Company downgraded Lennox International from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $550.00 to $570.00 in a research note on Wednesday, July 10th. The Goldman Sachs Group lifted their price target on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird increased their price objective on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Barclays upped their target price on Lennox International from $517.00 to $550.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada upped their price objective on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average 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.