Pinebridge Investments L.P. Grows Stake in Lennox International Inc. (NYSE:LII)

Pinebridge Investments L.P. grew its holdings in Lennox International Inc. (NYSE:LII - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,571 shares of the construction company's stock after purchasing an additional 3,164 shares during the period. Pinebridge Investments L.P.'s holdings in Lennox International were worth $6,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in Lennox International during the 3rd quarter worth about $124,000. Wilmington Savings Fund Society FSB purchased a new position in Lennox International during the third quarter valued at approximately $27,000. GAMMA Investing LLC increased its holdings in Lennox International by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 513 shares of the construction company's stock worth $313,000 after acquiring an additional 187 shares during the period. Everence Capital Management Inc. purchased a new stake in Lennox International in the 4th quarter worth approximately $567,000. Finally, Pensionfund Sabic boosted its holdings in Lennox International by 26.3% in the 4th quarter. Pensionfund Sabic now owns 2,400 shares of the construction company's stock valued at $1,462,000 after purchasing an additional 500 shares during the period. 67.07% of the stock is owned by institutional investors.

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 194 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the completion of the sale, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.40% of the company's stock.

Analysts Set New Price Targets

LII has been the subject of several recent analyst reports. UBS Group reduced their target price on Lennox International from $625.00 to $570.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Oppenheimer upgraded shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 price objective on the stock in a research report on Thursday, April 24th. Robert W. Baird cut their target price on shares of Lennox International from $608.00 to $600.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Mizuho lowered Lennox International from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley decreased their price objective on Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $577.00.

Lennox International Price Performance

LII stock traded up $5.25 during mid-day trading on Wednesday, hitting $539.01. The company had a trading volume of 105,024 shares, compared to its average volume of 350,889. The company has a market capitalization of $19.13 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a 50-day moving average price of $566.49 and a 200 day moving average price of $605.89. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. Lennox International Inc. has a 12-month low of $445.63 and a 12-month high of $682.50.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.25 by $0.12. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. Lennox International had a net margin of 15.11% and a return on equity of 126.79%. Lennox International's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.47 earnings per share. On average, research analysts anticipate that Lennox International Inc. will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.85%. Lennox International's dividend payout ratio (DPR) is 20.50%.

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.