QV Investors Inc. Sells 8,360 Shares of Lennox International Inc. (NYSE:LII)

QV Investors Inc. cut its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,119 shares of the construction company's stock after selling 8,360 shares during the period. QV Investors Inc. owned about 0.06% of Lennox International worth $9,899,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LII. iA Global Asset Management Inc. acquired a new stake in Lennox International during the 3rd quarter worth approximately $8,067,000. Comerica Bank bought a new position in Lennox International during the 2nd quarter worth approximately $55,070,000. BNP Paribas Arbitrage SNC raised its holdings in Lennox International by 151.5% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company's stock worth $6,946,000 after purchasing an additional 16,653 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lennox International by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company's stock worth $123,003,000 after purchasing an additional 14,062 shares during the last quarter. Finally, DNB Asset Management AS bought a new position in Lennox International during the 4th quarter worth approximately $5,393,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Stock Up 3.1 %

NYSE LII traded up $14.25 during mid-day trading on Friday, hitting $480.24. The company's stock had a trading volume of 236,208 shares, compared to its average volume of 199,133. The company's 50 day simple moving average is $463.52 and its 200 day simple moving average is $426.37. Lennox International Inc. has a twelve month low of $232.00 and a twelve month high of $501.72. The company has a current ratio of 1.41, a quick ratio of 0.72 and a debt-to-equity ratio of 4.01. The firm has a market capitalization of $17.11 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.36 and a beta of 1.02.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Analysts anticipate that Lennox International Inc. will post 19.73 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, March 27th. Lennox International's payout ratio is currently 26.60%.

Analysts Set New Price Targets

Several research analysts have issued reports on LII shares. Wells Fargo & Company raised their price target on shares of Lennox International from $491.00 to $545.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Lennox International in a report on Thursday, February 1st. They set a "buy" rating and a $523.00 price target for the company. StockNews.com lowered shares of Lennox International from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $392.00 to $414.00 and gave the company a "sector perform" rating in a research note on Thursday, February 1st. Finally, Mizuho lifted their price objective on shares of Lennox International from $490.00 to $540.00 and gave the company a "buy" rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $469.08.

Insider Activity at Lennox International

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares of the company's stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares of the company's stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by 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.