Dorsey Wright & Associates Has $2.26 Million Stake in Lennox International Inc. (NYSE:LII)

Dorsey Wright & Associates reduced its stake in shares of Lennox International Inc. (NYSE:LII) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,742 shares of the construction company’s stock after selling 26 shares during the quarter. Dorsey Wright & Associates’ holdings in Lennox International were worth $2,261,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Erste Asset Management GmbH purchased a new stake in Lennox International in the 3rd quarter worth approximately $493,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of 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 acquiring an additional 7,012 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Lennox International by 26.9% during the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after purchasing an additional 4,927 shares during the last quarter. Quantbot Technologies LP purchased a new position in Lennox International in the third quarter valued at about $77,000. Finally, Eagle Asset Management Inc. increased its position in Lennox International by 7.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 14,673 shares of the construction company’s stock worth $9,258,000 after purchasing an additional 1,047 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lennox International news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the sale, the director now owns 1,693 shares in the company, valued at approximately $1,118,632.82. This trade represents a 22.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shane D. Wall sold 325 shares of Lennox International stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. The trade was a 13.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,106 shares of company stock valued at $1,353,233. 10.40% of the stock is owned by company insiders.

Lennox International Stock Up 1.5 %

Lennox International stock opened at $661.12 on Friday. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 2.04 and a beta of 1.08. The firm has a fifty day moving average price of $621.43 and a two-hundred day moving average price of $577.71. Lennox International Inc. has a fifty-two week low of $406.40 and a fifty-two week high of $682.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.37 EPS. As a group, analysts forecast that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.70%. Lennox International’s payout ratio is 21.84%.

Wall Street Analyst Weigh In

LII has been the subject of several research reports. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. Northcoast Research assumed coverage on shares of Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price for the company. Royal Bank of Canada increased their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Robert W. Baird upped their price objective on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lennox International has an average rating of “Hold” and a consensus target price of $579.38.

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.