Teachers Retirement System of The State of Kentucky cut its stake in shares of Lennox International, Inc. (NYSE:LII) by 13.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 49,999 shares of the construction company’s stock after selling 7,493 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lennox International were worth $8,365,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC boosted 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 in the last quarter. Cigna Investments Inc. New bought a new position in Lennox International during the fourth quarter valued at $232,000. Elkfork Partners LLC bought a new position in Lennox International during the fourth quarter valued at $343,000. Genesee Valley Trust Co. boosted its position in Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock valued at $376,000 after buying an additional 24 shares in the last quarter. Finally, Argent Capital Management LLC boosted its position in Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock valued at $436,000 after buying an additional 60 shares in the last quarter. 68.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lennox International, Inc. (NYSE LII) traded down 0.38% on Monday, hitting $186.89. 68,401 shares of the stock traded hands. Lennox International, Inc. has a 52 week low of $134.56 and a 52 week high of $191.79. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 27.53 and a beta of 1.18. The stock has a 50 day moving average price of $175.80 and a 200-day moving average price of $165.33.
Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, April 24th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.13. Lennox International had a net margin of 7.97% and a return on equity of 1,371.49%. The company had revenue of $793.40 million for the quarter, compared to analyst estimates of $746.37 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Lennox International, Inc. will post $7.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.09%. This is a positive change from Lennox International’s previous quarterly dividend of $0.43. Lennox International’s payout ratio is 25.41%.
Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Lennox International from $171.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, March 22nd. TheStreet raised shares of Lennox International from a “c+” rating to a “b-” rating in a report on Wednesday, May 17th. Finally, BidaskClub raised shares of Lennox International from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Lennox International currently has a consensus rating of “Hold” and a consensus price target of $167.20.
In other news, Director John W. Norris III sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $167.66, for a total value of $167,660.00. Following the sale, the director now owns 50,001 shares of the company’s stock, valued at $8,383,167.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Max H. Mitchell purchased 600 shares of the stock in a transaction dated Friday, April 28th. The stock was acquired at an average cost of $168.30 per share, for a total transaction of $100,980.00. Following the transaction, the director now owns 739 shares of the company’s stock, valued at $124,373.70. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.
Lennox International Company 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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