Lennox International Inc. (LII) Shares Bought by Advisor Partners LLC
Advisor Partners LLC grew its holdings in Lennox International Inc. (NYSE:LII) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,046 shares of the construction company’s stock after purchasing an additional 65 shares during the quarter. Advisor Partners LLC’s holdings in Lennox International were worth $229,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. First Hawaiian Bank acquired a new stake in Lennox International during the third quarter worth about $113,000. Resources Management Corp CT ADV acquired a new stake in Lennox International during the third quarter worth about $127,000. TRUE Private Wealth Advisors acquired a new stake in Lennox International during the third quarter worth about $134,000. Charter Trust Co. acquired a new stake in Lennox International during the third quarter worth about $206,000. Finally, We Are One Seven LLC acquired a new stake in Lennox International during the third quarter worth about $364,000. 67.31% of the stock is currently owned by institutional investors.
In other Lennox International news, VP Chris Kosel sold 158 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $214.57, for a total transaction of $33,902.06. Following the completion of the transaction, the vice president now owns 1,027 shares in the company, valued at $220,363.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gary S. Bedard sold 498 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $230.00, for a total transaction of $114,540.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,914 shares of company stock valued at $2,094,156. Corporate insiders own 3.90% of the company’s stock.
Lennox International (NYSE:LII) last announced its quarterly earnings results on Tuesday, February 5th. The construction company reported $1.93 EPS for the quarter, hitting analysts’ consensus estimates of $1.93. The firm had revenue of $843.60 million during the quarter, compared to analysts’ expectations of $855.97 million. Lennox International had a net margin of 8.31% and a negative return on equity of 474.74%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 earnings per share. On average, equities analysts expect that Lennox International Inc. will post 9.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Friday, December 28th. Lennox International’s dividend payout ratio is 32.32%.
A number of equities research analysts recently weighed in on the company. Robert W. Baird decreased their target price on Lennox International from $228.00 to $224.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Stephens assumed coverage on Lennox International in a research report on Monday, November 19th. They set an “equal weight” rating and a $229.00 target price on the stock. ValuEngine raised Lennox International from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Morgan Stanley reissued an “underweight” rating on shares of Lennox International in a research report on Wednesday, October 24th. Finally, Barclays decreased their target price on Lennox International from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $219.60.
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Lennox International Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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