SG Americas Securities LLC Has $1.19 Million Holdings in Lennox International, Inc. (NYSE:LII)

SG Americas Securities LLC reduced its stake in Lennox International, Inc. (NYSE:LII - Free Report) by 84.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,115 shares of the construction company's stock after selling 11,668 shares during the period. SG Americas Securities LLC's holdings in Lennox International were worth $1,186,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Lennox International by 55.7% during the fourth 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 during the period. GAMMA Investing LLC raised its holdings in Lennox International by 69,429.8% during the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after purchasing an additional 356,175 shares in the last quarter. Captrust Financial Advisors boosted its stake in Lennox International by 500.0% during 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 in the last quarter. BNP Paribas Financial Markets boosted its stake 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 valued at $46,398,000 after buying an additional 52,888 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Lennox International by 6.4% in the first quarter. Rhumbline Advisers now owns 67,372 shares of the construction company's stock worth $37,784,000 after acquiring an additional 4,047 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Stock Up 0.6%

Shares of Lennox International stock traded up $3.19 during trading on Friday, hitting $551.11. 265,462 shares of the stock traded hands, compared to its average volume of 415,286. The stock has a market cap of $19.56 billion, a P/E ratio of 24.54, a PEG ratio of 2.02 and a beta of 1.14. The company has a fifty day moving average price of $560.46 and a two-hundred day moving average price of $591.56. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 1.43. Lennox International, Inc. has a twelve month low of $500.10 and a twelve month high of $682.50.

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, beating 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm earned $3.47 EPS. Lennox International's revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, May 30th will be given a $1.30 dividend. This is a positive change from Lennox International's previous quarterly dividend of $1.15. The ex-dividend date is Monday, June 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.94%. Lennox International's dividend payout ratio (DPR) is currently 20.50%.

Lennox International announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

LII has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research report on Friday, May 16th. Wells Fargo & Company reduced their price target on shares of Lennox International from $550.00 to $500.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Barclays lowered their price objective on shares of Lennox International from $702.00 to $696.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird reduced their target price on Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, UBS Group lowered their price target on Lennox International from $625.00 to $570.00 and set a "neutral" rating on the stock in a 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $583.71.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 509 shares of Lennox International stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $568.05, for a total value of $289,137.45. Following the transaction, the chief accounting officer now directly owns 1,582 shares in the company, valued at approximately $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 accessible through this hyperlink. 9.73% of the stock is owned by corporate insiders.

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.