Pacer Advisors Inc. grew its position in shares of Lennox International, Inc. (NYSE:LII – Free Report) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,667 shares of the construction company’s stock after buying an additional 2,095 shares during the period. Pacer Advisors Inc.’s holdings in Lennox International were worth $3,237,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. QV Investors Inc. raised its position in shares of Lennox International by 53.0% during the 4th quarter. QV Investors Inc. now owns 7,784 shares of the construction company’s stock valued at $3,780,000 after acquiring an additional 2,695 shares in the last quarter. Chilton Investment Co. Inc. bought a new position in Lennox International during the third quarter worth $4,151,000. Tudor Investment Corp ET AL acquired a new position in Lennox International in the third quarter worth $20,847,000. V Square Quantitative Management LLC bought a new stake in Lennox International during the fourth quarter valued at $519,000. Finally, Bank of New York Mellon Corp increased its stake in Lennox International by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock valued at $98,835,000 after purchasing an additional 18,901 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.
Lennox International Stock Performance
Shares of LII opened at $522.70 on Wednesday. The firm has a fifty day moving average of $508.40 and a 200-day moving average of $508.01. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 1.57. Lennox International, Inc. has a 1 year low of $434.06 and a 1 year high of $689.44.
Lennox International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.36 per share. This is a boost from Lennox International’s previous quarterly dividend of $1.30. This represents a $5.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Lennox International’s payout ratio is presently 23.40%.
Insider Transactions at Lennox International
In related news, CAO Chris Kosel sold 971 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $544.80, for a total value of $529,000.80. Following the sale, the chief accounting officer directly owned 1,090 shares in the company, valued at $593,832. This trade represents a 47.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on LII. Wells Fargo & Company raised their price target on shares of Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Barclays lowered their price objective on shares of Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada increased their price objective on shares of Lennox International from $485.00 to $579.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Vertical Research raised shares of Lennox International from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a report on Thursday, April 30th. Finally, BNP Paribas Exane assumed coverage on Lennox International in a report on Tuesday, April 14th. They set a “neutral” rating and a $535.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $575.46.
Check Out Our Latest Research Report on LII
Lennox International Company Profile
Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
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