Gulf International Bank UK Ltd Has $1.52 Million Stake in Lennox International Inc. (NYSE:LII)

Gulf International Bank UK Ltd trimmed its holdings in Lennox International Inc. (NYSE:LII) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,501 shares of the construction company’s stock after selling 23 shares during the period. Gulf International Bank UK Ltd’s holdings in Lennox International were worth $1,523,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Crestwood Advisors Group LLC acquired a new stake in shares of Lennox International in the fourth quarter valued at approximately $322,000. Vicus Capital acquired a new stake in Lennox International during the 4th quarter worth approximately $202,000. V Square Quantitative Management LLC lifted its holdings in Lennox International by 94.9% during the 4th quarter. V Square Quantitative Management LLC now owns 690 shares of the construction company’s stock worth $420,000 after purchasing an additional 336 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Lennox International during the 4th quarter worth approximately $1,207,000. Finally, Eukles Asset Management acquired a new stake in Lennox International during the 4th quarter worth approximately $447,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LII. Morgan Stanley began coverage on Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price target for the company. Barclays raised Lennox International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $665.00 to $702.00 in a report on Wednesday. Wells Fargo & Company reissued an “underweight” rating and set a $580.00 price target (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Royal Bank of Canada lifted their price target on Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $608.85.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at approximately $825,864.40. This trade 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. Corporate insiders own 10.40% of the company’s stock.

Lennox International Trading Down 0.2 %

Shares of LII opened at $601.04 on Friday. Lennox International Inc. has a 52-week low of $445.63 and a 52-week high of $682.50. The business’s fifty day moving average is $620.66 and its 200-day moving average is $614.64. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 2.36 and a beta of 1.10.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Equities analysts anticipate that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $1.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 annualized dividend and a dividend yield of 0.77%. Lennox International’s payout ratio is 20.41%.

Lennox International 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.