Teachers Retirement System of The State of Kentucky Reduces Holdings in Lennox International Inc. (NYSE:LII)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Lennox International Inc. (NYSE:LIIGet Rating) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,174 shares of the construction company’s stock after selling 300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lennox International were worth $7,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC grew its holdings in Lennox International by 65.3% during the 1st quarter. Eagle Bay Advisors LLC now owns 157 shares of the construction company’s stock worth $40,000 after acquiring an additional 62 shares in the last quarter. NuWave Investment Management LLC grew its holdings in Lennox International by 82.1% during the 1st quarter. NuWave Investment Management LLC now owns 173 shares of the construction company’s stock worth $45,000 after acquiring an additional 78 shares in the last quarter. Tobam grew its holdings in Lennox International by 90.7% during the 1st quarter. Tobam now owns 225 shares of the construction company’s stock worth $58,000 after acquiring an additional 107 shares in the last quarter. FCF Advisors LLC grew its holdings in Lennox International by 2.6% during the 1st quarter. FCF Advisors LLC now owns 5,388 shares of the construction company’s stock worth $1,389,000 after acquiring an additional 137 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Lennox International during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 63.92% of the company’s stock.

Lennox International Trading Down 2.2 %

LII stock opened at $244.43 on Friday. Lennox International Inc. has a 52 week low of $182.85 and a 52 week high of $334.78. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 18.90 and a beta of 0.93. The firm’s 50-day moving average is $242.45 and its two-hundred day moving average is $234.03.

Lennox International (NYSE:LIIGet Rating) last released its quarterly earnings results on Thursday, July 28th. The construction company reported $5.00 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.26. Lennox International had a net margin of 10.69% and a negative return on equity of 134.81%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $4.57 EPS. Lennox International’s revenue was up 10.3% on a year-over-year basis. On average, equities research analysts predict that Lennox International Inc. will post 14.23 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $1.06 per share. The ex-dividend date was Tuesday, August 30th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 1.73%. Lennox International’s dividend payout ratio (DPR) is 32.79%.

Insiders Place Their Bets

In related news, EVP Daniel M. Sessa sold 2,213 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $243.40, for a total value of $538,644.20. Following the sale, the executive vice president now directly owns 44,156 shares in the company, valued at approximately $10,747,570.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Chris Kosel sold 400 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $261.11, for a total value of $104,444.00. Following the sale, the chief accounting officer now directly owns 1,897 shares in the company, valued at approximately $495,325.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel M. Sessa sold 2,213 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $243.40, for a total transaction of $538,644.20. Following the completion of the sale, the executive vice president now owns 44,156 shares in the company, valued at $10,747,570.40. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price objective on shares of Lennox International from $248.00 to $190.00 and set a “sell” rating for the company in a report on Thursday, June 23rd. Wells Fargo & Company lifted their price target on shares of Lennox International from $229.00 to $249.00 and gave the company an “equal weight” rating in a report on Monday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lennox International from $335.00 to $292.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Credit Suisse Group set a $210.00 price target on shares of Lennox International in a report on Tuesday, July 19th. Finally, Morgan Stanley lifted their price target on shares of Lennox International from $255.00 to $268.00 and gave the company an “equal weight” rating in a report on Thursday, September 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $244.40.

Lennox International Company Profile

(Get Rating)

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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Further Reading

Want to see what other hedge funds are holding LII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lennox International Inc. (NYSE:LIIGet Rating).

Institutional Ownership by Quarter for Lennox International (NYSE:LII)

Receive News & Ratings for Lennox International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennox International and related companies with MarketBeat.com's FREE daily email newsletter.