Lennox International, Inc. (LII) Holdings Lifted by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC boosted its stake in shares of Lennox International, Inc. (NYSE:LII) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,514 shares of the construction company’s stock after acquiring an additional 626 shares during the quarter. Mutual of America Capital Management LLC owned 0.07% of Lennox International worth $5,787,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in LII. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Lennox International during the second quarter worth $20,855,000. Hilton Capital Management LLC acquired a new position in Lennox International during the second quarter worth $10,777,000. Congress Asset Management Co. MA raised its stake in Lennox International by 7.6% during the second quarter. Congress Asset Management Co. MA now owns 448,335 shares of the construction company’s stock worth $82,332,000 after acquiring an additional 31,840 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Lennox International by 162.5% during the first quarter. Russell Investments Group Ltd. now owns 40,348 shares of the construction company’s stock worth $6,748,000 after acquiring an additional 24,977 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Lennox International by 9.1% during the first quarter. Geode Capital Management LLC now owns 288,838 shares of the construction company’s stock worth $48,322,000 after acquiring an additional 23,973 shares in the last quarter. Hedge funds and other institutional investors own 68.31% of the company’s stock.
In related news, VP Chris Kosel sold 357 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total transaction of $61,943.07. Following the completion of the sale, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David W. Moon sold 2,350 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.45, for a total value of $402,907.50. Following the sale, the executive vice president now owns 112,408 shares of the company’s stock, valued at $19,272,351.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,094 shares of company stock valued at $2,409,181. 3.90% of the stock is owned by corporate insiders.
Several research firms have issued reports on LII. BidaskClub lowered Lennox International from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Morgan Stanley reiterated an “underweight” rating and set a $161.00 price objective (down from $164.00) on shares of Lennox International in a research note on Tuesday, July 25th. Wolfe Research began coverage on Lennox International in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Stifel Nicolaus reiterated a “hold” rating and set a $171.00 price objective on shares of Lennox International in a research note on Thursday, September 7th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $190.00 price objective (up from $162.50) on shares of Lennox International in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $177.50.
Shares of Lennox International, Inc. (NYSE:LII) opened at 170.37 on Thursday. Lennox International, Inc. has a 52 week low of $140.97 and a 52 week high of $192.58. The stock has a 50 day moving average price of $166.98 and a 200-day moving average price of $172.58. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 24.54 and a beta of 1.14.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, July 24th. The construction company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.07. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $2.53 EPS. Lennox International’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that Lennox International, Inc. will post $8.00 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.51 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.20%. Lennox International’s dividend payout ratio is currently 29.35%.
Lennox International Profile
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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