RiverFront Investment Group LLC Reduces Stock Holdings in Lennox International Inc. (NYSE:LII)

RiverFront Investment Group LLC cut its holdings in Lennox International Inc. (NYSE:LII) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,630 shares of the construction company’s stock after selling 253 shares during the quarter. RiverFront Investment Group LLC’s holdings in Lennox International were worth $2,212,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LII. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International in the 3rd quarter valued at approximately $27,000. Private Trust Co. NA raised its holdings in shares of Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after buying an additional 45 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Lennox International during the third quarter worth $77,000. Anchor Investment Management LLC purchased a new stake in shares of Lennox International during the third quarter valued at $124,000. Finally, Vicus Capital acquired a new position in shares of Lennox International in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 194 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was 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 of the company’s stock, valued at $825,864.40. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LII has been the subject of several research reports. Barclays upgraded shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $665.00 to $702.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a research report on Thursday, January 30th. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and cut their target price for the company from $675.00 to $625.00 in a report on Thursday, January 30th. Wells Fargo & Company reissued an “underweight” rating and set a $580.00 price target (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $750.00 price objective on shares of Lennox International in a report on Friday, March 7th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $614.62.

Lennox International Stock Down 4.4 %

LII stock opened at $552.20 on Friday. The company has a market cap of $19.65 billion, a P/E ratio of 24.50, a P/E/G ratio of 2.36 and a beta of 1.13. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $603.95 and its 200 day moving average price is $615.30. Lennox International Inc. has a 52 week low of $445.63 and a 52 week high of $682.50.

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

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $1.15 per share. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.83%. Lennox International’s dividend payout ratio (DPR) is 20.41%.

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.