Baird Financial Group Inc. Trims Stock Position in Lennox International Inc. (NYSE:LII)

Baird Financial Group Inc. lowered its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,093 shares of the construction company's stock after selling 4,454 shares during the period. Baird Financial Group Inc. owned about 0.21% of Lennox International worth $44,536,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in Lennox International during the third quarter worth $27,000. GAMMA Investing LLC lifted its position in Lennox International by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 513 shares of the construction company's stock valued at $313,000 after acquiring an additional 187 shares in the last quarter. Pensionfund Sabic boosted its position in shares of Lennox International by 26.3% during the fourth quarter. Pensionfund Sabic now owns 2,400 shares of the construction company's stock valued at $1,462,000 after buying an additional 500 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Lennox International by 3.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company's stock valued at $415,000 after purchasing an additional 20 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. lifted its position in shares of Lennox International by 0.7% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,628 shares of the construction company's stock worth $2,820,000 after buying an additional 30 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Mizuho lowered shares of Lennox International from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. Oppenheimer upgraded shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Thursday, April 24th. 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 lowered their price objective on shares of Lennox International from $702.00 to $696.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Robert W. Baird lowered their price objective on Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $577.00.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 509 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the completion of the sale, the chief accounting officer now owns 1,582 shares of the company's stock, valued at $898,655.10. This represents a 24.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.73% of the company's stock.

Lennox International Stock Down 0.5 %

Shares of NYSE LII traded down $2.79 during mid-day trading on Friday, reaching $573.59. 274,873 shares of the company were exchanged, compared to its average volume of 356,177. The firm has a 50-day moving average of $560.21 and a 200 day moving average of $603.83. Lennox International Inc. has a 1 year low of $483.42 and a 1 year high of $682.50. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 2.36 and a beta of 1.18.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.25 by $0.12. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.47 EPS. On average, research analysts expect that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, April 30th. Lennox International's dividend payout ratio (DPR) is presently 20.50%.

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.