CIBC Private Wealth Group LLC Increases Position in Lennox International Inc. (NYSE:LII)

CIBC Private Wealth Group LLC boosted its position in Lennox International Inc. (NYSE:LII) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 853 shares of the construction company’s stock after acquiring an additional 61 shares during the period. CIBC Private Wealth Group LLC’s holdings in Lennox International were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LII. Wilmington Savings Fund Society FSB acquired a new stake in Lennox International during the third quarter worth about $27,000. Private Trust Co. NA boosted its stake in Lennox International by 62.5% during the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after acquiring an additional 45 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Lennox International in the 3rd quarter worth about $77,000. Anchor Investment Management LLC acquired a new stake in Lennox International during the third quarter valued at approximately $124,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Lennox International by 1,650.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company’s stock valued at $128,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Stock Down 2.9 %

Lennox International stock opened at $531.21 on Friday. The company’s 50-day moving average price is $593.42 and its two-hundred day moving average price is $614.48. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 2.36 and a beta of 1.07. Lennox International Inc. has a 52 week low of $445.63 and a 52 week high of $682.50. 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 earnings results on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, analysts expect that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.87%. Lennox International’s dividend payout ratio is currently 20.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LII. Royal Bank of Canada raised their price target on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Wells Fargo & Company restated an “underweight” rating and issued a $580.00 target price (down from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Stephens reissued an “overweight” rating and issued a $750.00 price target on shares of Lennox International in a report on Friday, March 7th. Barclays raised Lennox International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $665.00 to $702.00 in a research report on Wednesday, February 26th. Finally, Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $675.00 to $625.00 in a research report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $614.62.

Insider Buying and Selling

In other news, CAO Chris Kosel sold 194 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the completion of the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.40% of the stock is owned by corporate insiders.

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.