Lennox International, Inc. $LII Stock Holdings Boosted by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in Lennox International, Inc. (NYSE:LII) by 416.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,536 shares of the construction company’s stock after purchasing an additional 3,658 shares during the period. Vise Technologies Inc.’s holdings in Lennox International were worth $1,610,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC acquired a new stake in shares of Lennox International during the 2nd quarter valued at $239,217,000. Jefferies Financial Group Inc. bought a new stake in Lennox International during the 2nd quarter worth $3,644,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Lennox International in the 2nd quarter worth about $10,596,000. Capstone Investment Advisors LLC bought a new position in Lennox International in the second quarter valued at about $2,991,000. Finally, Legal & General Group Plc bought a new position in Lennox International in the second quarter valued at about $54,927,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Trading Down 2.0%

Lennox International stock traded down $7.06 during mid-day trading on Friday, hitting $341.73. 471,838 shares of the stock were exchanged, compared to its average volume of 720,143. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.97 and a beta of 1.19. Lennox International, Inc. has a 12 month low of $322.00 and a 12 month high of $587.27. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $363.79 and its two-hundred day simple moving average is $467.76.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the company posted $6.98 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts forecast that Lennox International, Inc. will post 21.39 EPS for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $5.44 annualized dividend and a yield of 1.6%. Lennox International’s payout ratio is presently 25.24%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group cut Lennox International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $547.00 to $390.00 in a report on Wednesday, October 14th. Weiss Ratings lowered shares of Lennox International from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Morgan Stanley cut their target price on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. BNP Paribas Exane reduced their target price on shares of Lennox International from $450.00 to $350.00 and set a “neutral” rating on the stock in a report on Friday, October 30th. Finally, Wells Fargo & Company decreased their price target on shares of Lennox International from $424.00 to $355.00 and set an “equal weight” rating for the company in a research report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $444.85.

Lennox International Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.