Impax Asset Management Group plc lessened its position in Lennox International, Inc. (NYSE:LII - Free Report) by 95.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,670 shares of the construction company's stock after selling 179,930 shares during the period. Impax Asset Management Group plc's holdings in Lennox International were worth $4,862,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in Lennox International by 55.7% during the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock worth $542,374,000 after buying an additional 317,937 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lennox International by 69,429.8% in the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after acquiring an additional 356,175 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after purchasing an additional 78,406 shares during the period. Achmea Investment Management B.V. boosted its holdings in shares of Lennox International by 22.4% during the first quarter. Achmea Investment Management B.V. now owns 91,338 shares of the construction company's stock worth $51,225,000 after acquiring an additional 16,711 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Lennox International by 227.4% during the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock worth $46,398,000 after acquiring an additional 52,888 shares during the period. 67.07% of the stock is currently owned by institutional investors.
Lennox International Trading Up 0.9%
Shares of NYSE:LII traded up $5.18 during midday trading on Wednesday, reaching $599.72. The company's stock had a trading volume of 114,423 shares, compared to its average volume of 364,543. The firm has a 50 day moving average price of $570.34 and a two-hundred day moving average price of $584.75. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $682.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 1.43. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 2.06 and a beta of 1.13.
Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.12. Lennox International had a return on equity of 106.05% and a net margin of 14.96%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company posted $3.47 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. As a group, analysts forecast that Lennox International, Inc. will post 22.94 earnings per share for the current year.
Lennox International declared that its board has authorized a stock repurchase plan on Thursday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.
Lennox International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, May 30th will be issued a $1.30 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from Lennox International's previous quarterly dividend of $1.15. This represents a $5.20 annualized dividend and a yield of 0.87%. Lennox International's dividend payout ratio is 23.17%.
Insider Activity at Lennox International
In related news, CAO Chris Kosel sold 509 shares of Lennox International stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,582 shares in the company, valued at $898,655.10. The trade was a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.73% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on LII. Oppenheimer upgraded Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price objective on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research report on Friday, May 16th. Barclays decreased their target price on shares of Lennox International from $702.00 to $696.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group boosted their target price on shares of Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, UBS Group decreased their price objective on shares of Lennox International from $625.00 to $570.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $595.23.
Get Our Latest Research Report on LII
Lennox International Company Profile
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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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