Impax Asset Management Group plc Trims Stake in Lennox International Inc. (NYSE:LII)

Impax Asset Management Group plc reduced its holdings in shares of Lennox International Inc. (NYSE:LII - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 319,879 shares of the construction company's stock after selling 35,219 shares during the period. Impax Asset Management Group plc owned about 0.90% of Lennox International worth $142,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tobam increased its stake in shares of Lennox International by 1,640.0% in the fourth quarter. Tobam now owns 87 shares of the construction company's stock worth $39,000 after purchasing an additional 82 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Lennox International in the second quarter worth $98,000. Lazard Asset Management LLC increased its stake in shares of Lennox International by 40.8% in the fourth quarter. Lazard Asset Management LLC now owns 659 shares of the construction company's stock worth $157,000 after purchasing an additional 191 shares in the last quarter. Penobscot Investment Management Company Inc. bought a new position in shares of Lennox International during the third quarter worth $225,000. Finally, Rappaport Reiches Capital Management LLC bought a new position in shares of Lennox International during the fourth quarter worth $239,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LII has been the subject of a number of research reports. StockNews.com lowered shares of Lennox International from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Royal Bank of Canada increased 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 report on Thursday, February 1st. JPMorgan Chase & Co. lowered shares of Lennox International from a "neutral" rating to an "underweight" rating and lowered their price objective for the company from $370.00 to $330.00 in a research report on Thursday, February 1st. TD Cowen increased their price objective on shares of Lennox International from $450.00 to $505.00 and gave the company an "outperform" rating in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Lennox International in a research report on Thursday, February 1st. They set a "buy" rating and a $523.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $469.08.

Lennox International Stock Down 0.6 %

NYSE LII traded down $3.15 during trading on Tuesday, reaching $481.61. 217,993 shares of the company's stock traded hands, compared to its average volume of 263,066. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. The company's 50 day simple moving average is $464.47 and its two-hundred day simple moving average is $427.19. Lennox International Inc. has a 12-month low of $232.16 and a 12-month high of $501.72.

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

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, March 27th. Lennox International's dividend payout ratio (DPR) is 26.60%.

Insider Buying and Selling at Lennox International

In other news, EVP Gary S. Bedard sold 1,849 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the sale, the executive vice president now directly owns 20,465 shares in the company, valued at approximately $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Joseph William Reitmeier sold 1,930 shares of the firm's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the sale, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary S. Bedard sold 1,849 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total transaction of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares in the company, valued at $9,692,019.35. The disclosure for this sale can be found here. Insiders own 2.83% of the company's stock.

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.

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