Donaldson Capital Management LLC cut its position in Lennox International Inc. (NYSE:LII) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,800 shares of the construction company’s stock after selling 709 shares during the period. Donaldson Capital Management LLC’s holdings in Lennox International were worth $2,978,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Genesee Valley Trust Co. raised its stake in shares of Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock worth $376,000 after buying an additional 24 shares during the last quarter. Advantus Capital Management Inc raised its position in Lennox International by 2.1% in the third quarter. Advantus Capital Management Inc now owns 4,800 shares of the construction company’s stock valued at $754,000 after buying an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Lennox International by 19.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 620 shares of the construction company’s stock valued at $103,000 after buying an additional 101 shares during the last quarter. US Bancorp DE raised its position in Lennox International by 0.5% in the first quarter. US Bancorp DE now owns 27,610 shares of the construction company’s stock valued at $4,619,000 after buying an additional 147 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Lennox International by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,846 shares of the construction company’s stock valued at $2,316,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 68.82% of the company’s stock.
Shares of Lennox International Inc. (NYSE:LII) traded up 2.21% on Friday, reaching $175.49. The company’s stock had a trading volume of 410,656 shares. Lennox International Inc. has a 52-week low of $132.37 and a 52-week high of $176.47. The stock has a market cap of $7.49 billion, a P/E ratio of 25.85 and a beta of 1.10. The firm’s 50 day moving average is $167.71 and its 200-day moving average is $160.25.
Lennox International (NYSE:LII) last released its earnings results on Monday, April 24th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.13. Lennox International had a return on equity of 6,021.68% and a net margin of 7.63%. The business had revenue of $793.40 million during the quarter, compared to the consensus estimate of $746.37 million. During the same period last year, the business posted $0.60 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that Lennox International Inc. will post $7.93 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.51 dividend. This is an increase from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, June 28th. Lennox International’s dividend payout ratio (DPR) is currently 27.17%.
Several research firms have recently issued reports on LII. TheStreet upgraded Lennox International from a “c+” rating to a “b-” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Lennox International from $171.00 to $180.00 and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $167.20.
In other news, Director John W. Norris III sold 1,000 shares of Lennox International stock in a transaction on Friday, May 5th. The stock was sold at an average price of $167.66, for a total value of $167,660.00. Following the completion of the transaction, the director now directly owns 50,001 shares in the company, valued at $8,383,167.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Max H. Mitchell purchased 600 shares of Lennox International stock in a transaction dated Friday, April 28th. The stock was bought at an average price of $168.30 per share, with a total value of $100,980.00. Following the completion of the transaction, the director now owns 739 shares of the company’s stock, valued at approximately $124,373.70. The disclosure for this purchase can be found here. Insiders sold 56,491 shares of company stock valued at $9,625,757 over the last three months. Company insiders own 3.90% of the company’s stock.
About Lennox International
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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