Nisa Investment Advisors LLC Raises Holdings in Lennox International Inc. (NYSE:LII)

Nisa Investment Advisors LLC grew its holdings in Lennox International Inc. (NYSE:LII) by 32.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,340 shares of the construction company’s stock after acquiring an additional 1,803 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lennox International were worth $3,285,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UniSuper Management Pty Ltd purchased a new position in Lennox International during the 2nd quarter worth approximately $98,000. Rappaport Reiches Capital Management LLC acquired a new stake in Lennox International during the 4th quarter worth approximately $239,000. Penobscot Investment Management Company Inc. acquired a new stake in Lennox International during the 3rd quarter worth approximately $225,000. Lazard Asset Management LLC lifted its position in Lennox International by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 659 shares of the construction company’s stock worth $157,000 after acquiring an additional 191 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in Lennox International during the 3rd quarter worth approximately $370,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insiders Place Their Bets

In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary S. Bedard sold 1,849 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Lennox International Price Performance

Shares of NYSE:LII opened at $471.39 on Friday. The company has a market cap of $16.79 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.28 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 1.41 and a debt-to-equity ratio of 4.01. Lennox International Inc. has a 52 week low of $243.67 and a 52 week high of $501.72. The business has a fifty day simple moving average of $467.74 and a 200-day simple moving average of $429.10.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.46 by $0.17. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. Equities research analysts forecast that Lennox International Inc. will post 19.75 EPS for the current year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 0.93%. Lennox International’s dividend payout ratio is presently 26.60%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Mizuho raised their price target on Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a report on Monday, April 1st. StockNews.com cut Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. cut Lennox International from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $370.00 to $330.00 in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Lennox International in a report on Thursday, February 1st. They issued a “buy” rating and a $523.00 price target for the company. Finally, Wells Fargo & Company raised their price target on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $473.67.

Lennox International Company Profile

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.