Lennox International Inc. (NYSE:LII) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of Lennox International Inc. (NYSE:LII) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,718 shares of the construction company’s stock after selling 415 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Lennox International worth $27,620,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LII. Forsta AP Fonden boosted its stake in shares of Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after buying an additional 2,400 shares during the period. Strs Ohio acquired a new stake in Lennox International in the third quarter valued at about $1,386,000. Nisa Investment Advisors LLC lifted its position in Lennox International by 4.8% in the third quarter. Nisa Investment Advisors LLC now owns 5,537 shares of the construction company’s stock valued at $2,073,000 after purchasing an additional 253 shares during the period. RiverFront Investment Group LLC acquired a new stake in Lennox International in the third quarter valued at about $1,490,000. Finally, Advisors Preferred LLC acquired a new stake in Lennox International in the third quarter valued at about $370,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LII shares. UBS Group raised their price objective on shares of Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com lowered shares of Lennox International from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. KeyCorp raised their target price on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, Mizuho raised their target price on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International currently has an average rating of “Moderate Buy” and an average price target of $482.31.

Insider Buying and Selling

In other news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total value of $909,956.40. Following the completion of the sale, the executive vice president now owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Gary S. Bedard sold 1,849 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares of the company’s stock, valued at approximately $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by insiders.

Lennox International Stock Performance

NYSE:LII opened at $477.11 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.72 and a debt-to-equity ratio of 3.13. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.34 and a beta of 1.02. The firm’s fifty day simple moving average is $472.39 and its 200 day simple moving average is $435.93. Lennox International Inc. has a twelve month low of $264.88 and a twelve month high of $501.72.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. As a group, equities research analysts expect that Lennox International Inc. will post 19.82 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 0.92%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio (DPR) is 25.49%.

About Lennox International

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.