Russell Investments Group Ltd. Has $19.71 Million Stock Position in Lennox International Inc. (NYSE:LII)

Russell Investments Group Ltd. increased its stake in Lennox International Inc. (NYSE:LII - Free Report) by 33.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,049 shares of the construction company's stock after buying an additional 11,077 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Lennox International worth $19,711,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tobam grew its stake in Lennox International by 1,640.0% during the 4th quarter. Tobam now owns 87 shares of the construction company's stock valued at $39,000 after purchasing an additional 82 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Lennox International during the 4th quarter worth approximately $42,000. GAMMA Investing LLC purchased a new stake in Lennox International during the 4th quarter worth approximately $80,000. Penobscot Investment Management Company Inc. purchased a new stake in Lennox International during the 3rd quarter worth approximately $225,000. Finally, Rappaport Reiches Capital Management LLC purchased a new stake in Lennox International during the 4th quarter worth approximately $239,000. Institutional investors and hedge funds own 67.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on Lennox International from $450.00 to $505.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. UBS Group boosted their price target on Lennox International from $450.00 to $485.00 and gave the company a "neutral" rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on Lennox International in a research report on Thursday, February 1st. They set a "buy" rating and a $523.00 price objective for the company. Wells Fargo & Company reduced their price objective on Lennox International from $545.00 to $520.00 and set an "overweight" rating for the company in a research report on Thursday, April 25th. Finally, KeyCorp boosted their price objective on Lennox International from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $482.31.

Insider Transactions at Lennox International

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

Lennox International Price Performance

Shares of LII traded up $2.86 during midday trading on Friday, reaching $458.65. The stock had a trading volume of 235,006 shares, compared to its average volume of 277,644. Lennox International Inc. has a 52 week low of $271.51 and a 52 week high of $501.72. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. The firm's 50 day moving average price is $473.36 and its 200-day moving average price is $437.81. The company has a market capitalization of $16.34 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.16 and a beta of 1.03.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping analysts' consensus estimates of $3.17 by $0.30. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. On average, analysts forecast that Lennox International Inc. will post 19.91 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International's dividend payout ratio (DPR) is presently 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.