Lennox International Inc. (NYSE:LII) Short Interest Update

Lennox International Inc. (NYSE:LII) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,330,000 shares, a growth of 16.7% from the November 15th total of 1,140,000 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 246,400 shares, the short-interest ratio is presently 5.4 days.

Lennox International Stock Up 0.4 %

LII opened at $664.50 on Friday. The stock has a fifty day moving average of $627.32 and a 200-day moving average of $583.09. The company has a market capitalization of $23.67 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.02 and a beta of 1.08. Lennox International has a fifty-two week low of $412.09 and a fifty-two week high of $682.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

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 net margin of 14.63% and a return on equity of 148.52%. Lennox International’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.37 earnings per share. On average, equities analysts expect that Lennox International will post 21.1 EPS for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.69%. Lennox International’s dividend payout ratio is currently 21.84%.

Analyst Upgrades and Downgrades

LII has been the subject of a number of recent research reports. Barclays increased their target price on Lennox International from $624.00 to $674.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Royal Bank of Canada increased their target price on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. KeyCorp lowered shares of Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Mizuho raised their price objective on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $579.38.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the transaction, the chief accounting officer now owns 1,446 shares of the company’s stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the sale, the director now directly owns 7,911 shares in the company, valued at approximately $5,344,038.72. This trade represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,106 shares of company stock worth $1,353,233 over the last ninety days. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On Lennox International

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Lennox International during the third quarter worth about $27,000. Anchor Investment Management LLC bought a new stake in Lennox International during the 3rd quarter worth approximately $124,000. Toronto Dominion Bank increased its position in Lennox International by 27.0% in the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock valued at $2,393,000 after acquiring an additional 841 shares during the period. Geode Capital Management LLC raised its stake 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 acquiring an additional 12,183 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Lennox International by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 17,333 shares of the construction company’s stock worth $10,474,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

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.