KLP Kapitalforvaltning AS Acquires Shares of 10,100 Lennox International Inc. (NYSE:LII)

KLP Kapitalforvaltning AS bought a new position in shares of Lennox International Inc. (NYSE:LII) in the 4th quarter, HoldingsChannel reports. The fund bought 10,100 shares of the construction company’s stock, valued at approximately $6,164,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd increased its holdings in Lennox International by 469.6% during the 4th quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock worth $12,895,000 after purchasing an additional 17,357 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lennox International by 2.2% during the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after buying an additional 12,183 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock worth $4,635,000 after buying an additional 7,012 shares in the last quarter. BNP Paribas Financial Markets raised its position in Lennox International by 26.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after buying an additional 4,927 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Lennox International by 386.0% during the 4th quarter. Entropy Technologies LP now owns 5,540 shares of the construction company’s stock valued at $3,376,000 after acquiring an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the sale, the chief accounting officer now owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This represents a 13.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LII shares. Wells Fargo & Company reiterated an “underweight” rating and issued a $580.00 target price (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Mizuho downgraded shares of Lennox International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $675.00 to $625.00 in a research report on Thursday, January 30th. Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $665.00 to $702.00 in a research report on Wednesday, February 26th. Stephens reaffirmed an “overweight” rating and issued a $750.00 target price on shares of Lennox International in a report on Friday, March 7th. Finally, UBS Group lifted their price target on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Lennox International currently has a consensus rating of “Hold” and an average price target of $614.62.

Lennox International Stock Performance

Shares of LII opened at $587.59 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The firm has a market cap of $20.91 billion, a PE ratio of 26.07, a PEG ratio of 2.36 and a beta of 1.13. Lennox International Inc. has a 1 year low of $445.63 and a 1 year high of $682.50. The stock’s fifty day moving average price is $608.22 and its two-hundred day moving average price is $615.84.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, equities research analysts forecast that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, April 30th. Lennox International’s dividend payout ratio (DPR) is presently 20.41%.

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.