New York State Common Retirement Fund Has $24.57 Million Stake in Lennox International Inc. (NYSE:LII)

New York State Common Retirement Fund reduced its position in Lennox International Inc. (NYSE:LII - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,900 shares of the construction company's stock after selling 2,802 shares during the period. New York State Common Retirement Fund owned about 0.15% of Lennox International worth $24,569,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Lennox International by 105.3% in the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company's stock worth $3,035,000 after acquiring an additional 3,478 shares in the last quarter. Naples Money Management LLC purchased a new position in shares of Lennox International in the fourth quarter worth approximately $1,588,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lennox International by 2.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company's stock worth $30,026,000 after acquiring an additional 1,653 shares in the last quarter. Forsta AP Fonden increased its position in shares of Lennox International by 11.8% in the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company's stock worth $8,500,000 after acquiring an additional 2,400 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Lennox International in the third quarter worth approximately $8,067,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on LII shares. Mizuho boosted their price objective on shares of Lennox International from $490.00 to $540.00 and gave the company a "buy" rating in a research report on Monday, April 1st. JPMorgan Chase & Co. boosted their price objective on shares of Lennox International from $350.00 to $360.00 and gave the company an "underweight" rating in a research report on Thursday. TD Cowen boosted 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. KeyCorp boosted their price objective on shares of Lennox International from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft initiated 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 on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $482.31.

Insider Transactions at Lennox International

In related news, EVP Gary S. Bedard sold 1,849 shares of the company's stock in a transaction on 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 transaction, 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 filing with the SEC, which is available through the SEC website. In related news, EVP Gary S. Bedard sold 1,849 shares of the company's stock in a transaction on 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 transaction, 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 filing with the SEC, which is available through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the company's 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 owns 24,533 shares of the company's stock, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by corporate insiders.

Lennox International Stock Performance

Shares of Lennox International stock traded up $1.61 on Friday, reaching $477.11. The stock had a trading volume of 272,027 shares, compared to its average volume of 272,637. The business's 50-day moving average price is $472.39 and its two-hundred day moving average price is $435.93. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. Lennox International Inc. has a fifty-two week low of $264.88 and a fifty-two week high of $501.72. The stock has a market cap of $16.99 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping analysts' consensus estimates of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.05 billion. On average, sell-side analysts forecast that Lennox International Inc. will post 19.77 EPS for the current year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, March 27th. Lennox International's payout ratio is 25.49%.

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.