Caisse DE Depot ET Placement DU Quebec grew its stake in Lennox International Inc. (NYSE:LII - Free Report) by 247.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,620 shares of the construction company's stock after purchasing an additional 18,950 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.07% of Lennox International worth $16,220,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International in the 3rd quarter worth about $27,000. Bessemer Group Inc. increased its stake in shares of Lennox International by 50.8% during the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock valued at $60,000 after purchasing an additional 33 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Lennox International by 62.5% during the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock valued at $71,000 after purchasing an additional 45 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Lennox International in the 3rd quarter worth approximately $124,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Lennox International by 1,650.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company's stock worth $128,000 after buying an additional 198 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.
Lennox International Stock Performance
Shares of NYSE LII traded up $4.58 during midday trading on Tuesday, hitting $567.50. 420,094 shares of the company's stock traded hands, compared to its average volume of 355,400. The firm has a fifty day moving average of $561.74 and a 200 day moving average of $604.66. Lennox International Inc. has a 1 year low of $467.39 and a 1 year high of $682.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18.
Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.12. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm earned $3.47 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that Lennox International Inc. will post 22.94 earnings per share for the current year.
Lennox International Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, April 30th. Lennox International's dividend payout ratio (DPR) is currently 20.50%.
Insider Activity
In other Lennox International news, CAO Chris Kosel sold 194 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company's stock, valued at $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Oppenheimer raised Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 target price on the stock in a report on Thursday, April 24th. Mizuho lowered shares of Lennox International from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $675.00 to $625.00 in a research note on Thursday, January 30th. Royal Bank of Canada upped their target price on shares of Lennox International from $580.00 to $582.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 24th. Morgan Stanley reduced their price target on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Lennox International from $565.00 to $455.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $577.00.
View Our Latest Research Report on LII
About Lennox International
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Free Report)
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.
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