Nisa Investment Advisors LLC Sells 491 Shares of Lennox International, Inc. (NYSE:LII)

Nisa Investment Advisors LLC trimmed its holdings in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,137 shares of the construction company's stock after selling 491 shares during the period. Nisa Investment Advisors LLC's holdings in Lennox International were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. City Holding Co. acquired a new position in Lennox International in the 1st quarter worth $35,000. Sentry Investment Management LLC acquired a new position in Lennox International in the 1st quarter worth $43,000. Bessemer Group Inc. lifted its holdings in Lennox International by 50.8% in the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock worth $60,000 after buying an additional 33 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in Lennox International in the 1st quarter worth $114,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in 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 in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada increased their price objective 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 decreased their target price 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. Oppenheimer upgraded shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price objective for the company in a report on Thursday, April 24th. Finally, Barclays decreased 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. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $595.23.

Lennox International Stock Down 1.1%

LII stock traded down $6.59 during midday trading on Wednesday, reaching $597.63. The company had a trading volume of 460,468 shares, compared to its average volume of 365,114. Lennox International, Inc. has a 1 year low of $500.10 and a 1 year high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $21.21 billion, a P/E ratio of 26.63, a PEG ratio of 2.13 and a beta of 1.13. The company has a 50 day moving average of $575.58 and a two-hundred day moving average of $584.20.

Lennox International (NYSE:LII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.25 by $0.12. Lennox International had a net margin of 14.96% and a return on equity of 106.05%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $3.47 EPS. The company's revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, May 30th were given a $1.30 dividend. This is an increase from Lennox International's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.20 dividend on an annualized basis and a yield of 0.87%. Lennox International's dividend payout ratio is presently 23.17%.

Lennox International declared that its board has authorized a share repurchase plan on Thursday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 509 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total transaction of $289,137.45. Following the transaction, the chief accounting officer owned 1,582 shares in the company, valued at approximately $898,655.10. This trade represents a 24.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.40% of the stock is currently owned by insiders.

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.