Lennox International Inc. (NYSE:LII) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC increased its stake in shares of Lennox International Inc. (NYSE:LII - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,259 shares of the construction company's stock after buying an additional 1,411 shares during the quarter. Driehaus Capital Management LLC owned 0.11% of Lennox International worth $23,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LII. Wilmington Savings Fund Society FSB bought a new stake in Lennox International during the 3rd quarter valued at $27,000. Bessemer Group Inc. grew its position in Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock worth $60,000 after acquiring an additional 33 shares in the last quarter. Private Trust Co. NA lifted its position in Lennox International by 62.5% in the 4th quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock worth $71,000 after buying an additional 45 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Lennox International by 1,650.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company's stock worth $128,000 after acquiring an additional 198 shares in the last quarter. Finally, Vicus Capital bought a new position in shares of Lennox International during the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

Lennox International Stock Performance

Shares of LII stock traded down $8.35 during trading hours on Wednesday, reaching $593.99. 140,997 shares of the company traded hands, compared to its average volume of 356,120. The company has a market cap of $21.08 billion, a P/E ratio of 26.35, a P/E/G ratio of 2.36 and a beta of 1.18. Lennox International Inc. has a 12-month low of $483.42 and a 12-month high of $682.50. The firm has a 50-day moving average price of $560.76 and a 200 day moving average price of $603.59. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.12. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1 billion. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.47 EPS. As a group, sell-side analysts predict that Lennox International Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.77%. Lennox International's payout ratio is currently 20.50%.

Insiders Place Their Bets

In related news, CAO Chris Kosel sold 509 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total transaction of $289,137.45. Following the transaction, the chief accounting officer now directly owns 1,582 shares in the company, valued at $898,655.10. The trade was a 24.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LII has been the subject of a number of research analyst reports. Stephens reaffirmed an "overweight" rating and issued a $750.00 price target on shares of Lennox International in a research note on Friday, March 7th. Barclays lowered their target price 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. Robert W. Baird reduced 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. 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 research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Lennox International from $565.00 to $455.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $577.00.

Lennox International 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.