State of Tennessee Department of Treasury Has $1.89 Million Stock Position in Lennox International Inc. (NYSE:LII)

State of Tennessee Department of Treasury lowered its position in Lennox International Inc. (NYSE:LII - Free Report) by 76.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,094 shares of the construction company's stock after selling 10,250 shares during the quarter. State of Tennessee Department of Treasury's holdings in Lennox International were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Lennox International during the 3rd quarter worth about $27,000. Bessemer Group Inc. raised its holdings in Lennox International by 50.8% during the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock worth $60,000 after purchasing an additional 33 shares in the last quarter. Private Trust Co. NA lifted its position in Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company's stock worth $71,000 after purchasing an additional 45 shares during the period. Anchor Investment Management LLC bought a new position in Lennox International during the 3rd quarter valued at $124,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Lennox International by 1,650.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company's stock valued at $128,000 after purchasing an additional 198 shares during the period. Institutional investors own 67.07% of the company's stock.

Lennox International Stock Up 0.7 %

Shares of LII stock traded up $3.83 during trading on Monday, hitting $565.34. 72,387 shares of the company were exchanged, compared to its average volume of 352,290. The business's 50-day simple moving average is $562.92 and its 200 day simple moving average is $604.93. Lennox International Inc. has a twelve month low of $463.66 and a twelve month high of $682.50. The firm has a market capitalization of $20.06 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 2.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.25 by $0.12. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $3.47 EPS. The company's revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts forecast that Lennox International Inc. will post 22.94 EPS 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. Investors of record on Wednesday, April 30th will be issued a $1.15 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 dividend on an annualized basis and a yield of 0.81%. Lennox International's dividend payout ratio is currently 20.50%.

Insider Activity at Lennox International

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 transaction, the chief accounting officer now directly owns 1,282 shares in the company, valued at $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LII. Stephens reaffirmed an "overweight" rating and set a $750.00 target price on shares of Lennox International in a research note on Friday, March 7th. Royal Bank of Canada raised their price objective on shares of Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a research report on Thursday, April 24th. Robert W. Baird dropped their target price on shares of Lennox International from $608.00 to $600.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Mizuho cut shares of Lennox International from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Finally, UBS Group dropped 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $577.00.

About Lennox International

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.