UBS Asset Management Americas Inc. raised its stake in Lennox International Inc. (NYSE:LII) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 31,651 shares of the company’s stock after buying an additional 774 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of Lennox International worth $4,514,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in LII. Ameriprise Financial Inc. increased its stake in shares of Lennox International by 2.1% in the second quarter. Ameriprise Financial Inc. now owns 100,429 shares of the company’s stock valued at $14,324,000 after buying an additional 2,097 shares during the period. Blair William & Co. IL boosted its position in Lennox International by 11.3% in the second quarter. Blair William & Co. IL now owns 14,672 shares of the company’s stock valued at $2,092,000 after buying an additional 1,492 shares in the last quarter. Argent Capital Management LLC purchased a new position in Lennox International during the second quarter valued at about $285,000. BRC Investment Management LLC purchased a new position in Lennox International during the second quarter valued at about $703,000. Finally, Congress Asset Management Co. MA boosted its position in Lennox International by 6.6% in the second quarter. Congress Asset Management Co. MA now owns 322,008 shares of the company’s stock valued at $45,918,000 after buying an additional 19,838 shares in the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.
Shares of Lennox International Inc. (NYSE:LII) traded up 0.71% on Friday, hitting $157.19. 142,460 shares of the stock were exchanged. The company has a market cap of $6.83 billion, a P/E ratio of 31.11 and a beta of 1.37. Lennox International Inc. has a one year low of $105.65 and a one year high of $164.02. The firm’s 50-day moving average is $158.36 and its 200-day moving average is $145.16.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, July 18th. The company reported $2.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.35 by $0.18. Lennox International had a net margin of 6.45% and a return on equity of 692.11%. The business earned $1.02 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $1.84 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Lennox International Inc. will post $6.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Wednesday, September 28th. Lennox International’s payout ratio is 33.86%.
Several research analysts recently issued reports on LII shares. Susquehanna cut shares of Lennox International from a “positive” rating to a “neutral” rating and cut their price target for the stock from $172.00 to $163.00 in a report on Monday, August 15th. Wells Fargo & Co. reissued a “hold” rating on shares of Lennox International in a report on Wednesday, August 31st. Morgan Stanley reissued a “hold” rating and set a $159.00 price target on shares of Lennox International in a report on Wednesday, July 20th. Zacks Investment Research cut shares of Lennox International from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Lennox International in a report on Saturday, July 9th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Lennox International currently has an average rating of “Hold” and a consensus price target of $143.45.
In other Lennox International news, Director John W. Norris III sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $161.73, for a total transaction of $161,730.00. Following the completion of the transaction, the director now directly owns 266,339 shares of the company’s stock, valued at approximately $43,075,006.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas L. Young sold 4,407 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $157.02, for a total transaction of $691,987.14. Following the transaction, the executive vice president now directly owns 64,859 shares of the company’s stock, valued at $10,184,160.18. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.
About Lennox International
Lennox International Inc (LII) is a global 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. The Company operates in three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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