Sumitomo Mitsui Trust Holdings Inc. Purchases 1,653 Shares of Lennox International Inc. (NYSE:LII)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Lennox International Inc. (NYSE:LII - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,094 shares of the construction company's stock after purchasing an additional 1,653 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.19% of Lennox International worth $30,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tobam lifted its holdings in Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company's stock worth $39,000 after acquiring an additional 82 shares in the last quarter. Rappaport Reiches Capital Management LLC acquired a new stake in shares of Lennox International in the 4th quarter valued at about $239,000. Penobscot Investment Management Company Inc. acquired a new stake in shares of Lennox International in the 3rd quarter valued at about $225,000. Advisors Preferred LLC acquired a new stake in shares of Lennox International in the 3rd quarter valued at about $370,000. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Lennox International in the 4th quarter valued at about $560,000. 67.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LII has been the topic of several recent research reports. StockNews.com downgraded Lennox International from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a research note on Thursday, February 1st. They issued a "buy" rating and a $523.00 price target on the stock. JPMorgan Chase & Co. downgraded Lennox International from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $370.00 to $330.00 in a research note on Thursday, February 1st. Royal Bank of Canada lifted their target price on Lennox International from $392.00 to $414.00 and gave the company a "sector perform" rating in a research report on Thursday, February 1st. Finally, TD Cowen lifted their target price on Lennox International from $450.00 to $505.00 and gave the company an "outperform" rating in a research report on Wednesday, March 6th. One equities research 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $473.67.

Insider Activity

In other news, EVP Gary S. Bedard sold 1,849 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares of the company's stock, valued at $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Gary S. Bedard sold 1,849 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now owns 20,465 shares of the company's stock, valued at $9,692,019.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.

Lennox International Stock Performance

NYSE LII traded up $2.17 during trading on Monday, reaching $459.32. 394,061 shares of the company's stock were exchanged, compared to its average volume of 262,128. The business has a 50 day moving average price of $470.04 and a 200-day moving average price of $433.64. The stock has a market capitalization of $16.36 billion, a P/E ratio of 27.77, a PEG ratio of 2.24 and a beta of 1.02. The company has a debt-to-equity ratio of 4.01, a current ratio of 1.41 and a quick ratio of 0.72. Lennox International Inc. has a fifty-two week low of $256.74 and a fifty-two week high of $501.72.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping analysts' consensus estimates of $3.46 by $0.17. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. Sell-side analysts forecast that Lennox International Inc. will post 19.74 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Wednesday, March 27th. Lennox International's payout ratio is 26.60%.

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.