29,075 Shares in Lennox International Inc. (NYSE:LII) Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky bought a new position in Lennox International Inc. (NYSE:LII – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,075 shares of the construction company’s stock, valued at approximately $6,474,000.

Several other large investors have also made changes to their positions in LII. QV Investors Inc. purchased a new position in shares of Lennox International in the 3rd quarter worth $8,940,000. UBS Asset Management Americas Inc. raised its position in shares of Lennox International by 22.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 194,141 shares of the construction company’s stock worth $40,108,000 after buying an additional 35,933 shares during the period. Tudor Investment Corp Et Al raised its position in shares of Lennox International by 668.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 40,958 shares of the construction company’s stock worth $9,120,000 after buying an additional 35,628 shares during the period. Forsta AP Fonden raised its position in shares of Lennox International by 2,740.0% in the 2nd quarter. Forsta AP Fonden now owns 14,200 shares of the construction company’s stock worth $2,934,000 after buying an additional 13,700 shares during the period. Finally, Impax Asset Management Group plc raised its position in shares of Lennox International by 2.1% in the 3rd quarter. Impax Asset Management Group plc now owns 607,860 shares of the construction company’s stock worth $134,734,000 after buying an additional 12,534 shares during the period. 68.99% of the stock is owned by hedge funds and other institutional investors.

Lennox International Stock Down 0.6 %

Shares of Lennox International stock opened at $243.99 on Friday. The firm has a market cap of $8.65 billion, a P/E ratio of 17.57, a P/E/G ratio of 7.59 and a beta of 0.92. Lennox International Inc. has a fifty-two week low of $182.85 and a fifty-two week high of $279.31. The business has a 50-day moving average price of $254.91 and a 200 day moving average price of $247.68.

Lennox International (NYSE:LII – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The construction company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.08. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Lennox International had a negative return on equity of 152.66% and a net margin of 10.53%. Lennox International’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.35 earnings per share. As a group, equities research analysts anticipate that Lennox International Inc. will post 14.84 earnings per share for the current year.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 150 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $253.03, for a total value of $37,954.50. Following the completion of the sale, the chief accounting officer now directly owns 1,851 shares of the company’s stock, valued at $468,358.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Lennox International news, EVP Daniel M. Sessa sold 2,052 shares of Lennox International stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $245.80, for a total value of $504,381.60. Following the completion of the transaction, the executive vice president now directly owns 44,256 shares in the company, valued at $10,878,124.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Chris Kosel sold 150 shares of Lennox International stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $253.03, for a total value of $37,954.50. Following the completion of the transaction, the chief accounting officer now owns 1,851 shares of the company’s stock, valued at $468,358.53. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on LII shares. Wells Fargo & Company raised their price objective on Lennox International from $288.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Robert W. Baird raised their price objective on Lennox International from $250.00 to $265.00 in a research report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Lennox International from $284.00 to $300.00 in a research report on Thursday, December 15th. Barclays raised their price objective on Lennox International from $240.00 to $248.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 1st. Finally, Morgan Stanley raised their price objective on Lennox International from $258.00 to $279.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Lennox International has a consensus rating of “Hold” and an average target price of $259.92.

About Lennox International

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Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration. The Residential Heating & Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.