BI Asset Management Fondsmaeglerselskab A S Buys 11,018 Shares of Lennox International Inc. (NYSE:LII)

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Lennox International Inc. (NYSE:LII) by 182.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,068 shares of the construction company’s stock after acquiring an additional 11,018 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Lennox International were worth $10,400,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jump Financial LLC grew its holdings in Lennox International by 31.6% during the fourth quarter. Jump Financial LLC now owns 520 shares of the construction company’s stock valued at $317,000 after purchasing an additional 125 shares during the period. Argent Trust Co increased its position in shares of Lennox International by 16.3% in the 4th quarter. Argent Trust Co now owns 799 shares of the construction company’s stock valued at $487,000 after buying an additional 112 shares in the last quarter. Bessemer Group Inc. raised its stake in Lennox International by 50.8% during the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock worth $60,000 after buying an additional 33 shares during the period. Russell Investments Group Ltd. lifted its holdings in Lennox International by 27.8% during the fourth quarter. Russell Investments Group Ltd. now owns 42,430 shares of the construction company’s stock worth $25,861,000 after acquiring an additional 9,239 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Lennox International by 55.7% in the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock valued at $542,374,000 after acquiring an additional 317,937 shares during the period. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LII. Stephens reiterated an “overweight” rating and set a $750.00 price objective on shares of Lennox International in a report on Friday, March 7th. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $665.00 to $702.00 in a research note on Wednesday, February 26th. UBS Group increased their price objective on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $580.00 price objective (down from $630.00) on shares of Lennox International in a research report on Monday, February 3rd. Finally, Morgan Stanley initiated coverage on Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target on the stock. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Lennox International has an average rating of “Hold” and a consensus target price of $606.15.

Lennox International Trading Up 1.6 %

NYSE LII opened at $556.61 on Friday. The company has a market cap of $19.76 billion, a PE ratio of 24.69, a PEG ratio of 2.36 and a beta of 1.07. Lennox International Inc. has a 12 month low of $445.63 and a 12 month high of $682.50. The stock has a 50 day moving average of $579.99 and a 200-day moving average of $609.18. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. On average, equities research analysts anticipate that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.83%. Lennox International’s dividend payout ratio is 20.41%.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.40% of the company’s stock.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.