Massachusetts Financial Services Co. MA boosted its position in shares of Lennox International (NYSE:LII) by 11.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 263,563 shares of the construction company’s stock after buying an additional 27,467 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Lennox International were worth $53,864,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of LII. Impax Asset Management LTD lifted its holdings in Lennox International by 168.6% during the 4th quarter. Impax Asset Management LTD now owns 135,574 shares of the construction company’s stock worth $28,235,000 after buying an additional 85,097 shares in the last quarter. Fred Alger Management Inc. lifted its holdings in Lennox International by 64.1% during the 4th quarter. Fred Alger Management Inc. now owns 189,182 shares of the construction company’s stock worth $39,399,000 after buying an additional 73,865 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Lennox International by 13.4% during the 4th quarter. Schroder Investment Management Group now owns 611,299 shares of the construction company’s stock worth $127,309,000 after buying an additional 72,384 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in Lennox International during the 4th quarter worth $6,581,000. Finally, Precision Path Capital LP acquired a new position in shares of Lennox International in the 4th quarter valued at $6,040,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Paul W. Schmidt sold 1,000 shares of Lennox International stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $204.00, for a total transaction of $204,000.00. Following the completion of the transaction, the director now owns 2,145 shares in the company, valued at $437,580. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph William Reitmeier sold 6,149 shares of Lennox International stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $203.50, for a total value of $1,251,321.50. The disclosure for this sale can be found here. Insiders sold a total of 47,564 shares of company stock valued at $9,878,304 in the last 90 days. 3.90% of the stock is owned by corporate insiders.
Shares of NYSE LII opened at $199.13 on Wednesday. The stock has a market capitalization of $8.36 billion, a PE ratio of 24.80, a P/E/G ratio of 1.03 and a beta of 1.19. The company has a debt-to-equity ratio of -12.26, a current ratio of 1.89 and a quick ratio of 1.10. Lennox International has a fifty-two week low of $199.34 and a fifty-two week high of $201.13.
Lennox International (NYSE:LII) last announced its quarterly earnings data on Monday, April 23rd. The construction company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The company had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $805.54 million. Lennox International had a negative return on equity of 14,731.92% and a net margin of 7.73%. Lennox International’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. sell-side analysts forecast that Lennox International will post 10.12 EPS for the current fiscal year.
Lennox International declared that its board has approved a share repurchase program on Tuesday, February 6th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a $0.64 dividend. This is a boost from Lennox International’s previous quarterly dividend of $0.51. This represents a $2.56 annualized dividend and a dividend yield of 1.29%. Lennox International’s dividend payout ratio (DPR) is presently 25.76%.
A number of research analysts have recently weighed in on LII shares. Stifel Nicolaus reissued a “hold” rating and issued a $198.00 price target on shares of Lennox International in a research note on Friday, January 19th. UBS started coverage on Lennox International in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $230.00 price objective on the stock. Robert W. Baird dropped their price objective on Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. Barclays started coverage on Lennox International in a research note on Thursday, February 15th. They set an “overweight” rating and a $233.00 price objective on the stock. Finally, TheStreet downgraded Lennox International from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $206.88.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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