Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in shares of Lennox International, Inc. (NYSE:LII) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 113,035 shares of the construction company’s stock after selling 532 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.27% of Lennox International worth $20,230,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings in Lennox International by 10.2% in the 2nd quarter. State Street Corp now owns 1,383,849 shares of the construction company’s stock worth $254,122,000 after acquiring an additional 128,170 shares during the last quarter. Quantitative Investment Management LLC grew its holdings in Lennox International by 124.9% in the 2nd quarter. Quantitative Investment Management LLC now owns 119,400 shares of the construction company’s stock worth $21,926,000 after acquiring an additional 66,300 shares during the last quarter. Hilton Capital Management LLC bought a new stake in Lennox International in the 2nd quarter worth $10,777,000. UBS Asset Management Americas Inc. grew its holdings in Lennox International by 176.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 75,947 shares of the construction company’s stock worth $13,947,000 after acquiring an additional 48,486 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Lennox International by 49.3% in the 3rd quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock worth $23,839,000 after acquiring an additional 44,000 shares during the last quarter. 68.72% of the stock is currently owned by institutional investors.
Lennox International, Inc. (LII) opened at $196.40 on Friday. Lennox International, Inc. has a 12-month low of $146.25 and a 12-month high of $201.40. The stock has a market cap of $8,204.41, a PE ratio of 25.31, a P/E/G ratio of 1.46 and a beta of 1.19. The company has a debt-to-equity ratio of 23.87, a quick ratio of 0.72 and a current ratio of 1.24.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, October 23rd. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.09. Lennox International had a net margin of 7.88% and a return on equity of 1,657.93%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $2.33 EPS. Lennox International’s revenue was up 4.0% on a year-over-year basis. equities analysts anticipate that Lennox International, Inc. will post 7.92 earnings per share for the current year.
A number of equities research analysts have issued reports on LII shares. Credit Suisse Group reissued a “neutral” rating and issued a $180.00 price target (up previously from $171.00) on shares of Lennox International in a report on Tuesday, October 24th. Wolfe Research reissued a “peer perform” rating on shares of Lennox International in a report on Tuesday, October 3rd. Morgan Stanley lifted their target price on shares of Lennox International from $161.00 to $166.00 and gave the company an “underweight” rating in a research note on Monday, September 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $171.00 target price on shares of Lennox International in a research note on Thursday, September 7th. Finally, Wells Fargo & Company lifted their target price on shares of Lennox International from $190.00 to $193.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Lennox International has a consensus rating of “Hold” and an average price target of $183.17.
In other Lennox International news, Director Paul W. Schmidt sold 750 shares of Lennox International stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $193.46, for a total value of $145,095.00. Following the completion of the transaction, the director now directly owns 2,689 shares of the company’s stock, valued at $520,213.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Prakash Bedapudi sold 3,201 shares of Lennox International stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $196.25, for a total transaction of $628,196.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,412 shares of company stock valued at $3,182,308. 3.90% of the stock is currently owned by corporate insiders.
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About Lennox International
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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