Lennox International, Inc. $LII Stock Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in shares of Lennox International, Inc. (NYSE:LII) by 250.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,421 shares of the construction company’s stock after buying an additional 48,902 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Lennox International were worth $24,302,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LII. N.E.W. Advisory Services LLC acquired a new stake in shares of Lennox International during the second quarter valued at about $37,000. SBI Securities Co. Ltd. raised its stake in shares of Lennox International by 3,500.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock valued at $26,000 after acquiring an additional 70 shares during the period. Burkett Financial Services LLC purchased a new stake in shares of Lennox International in the 3rd quarter valued at approximately $26,000. Global Retirement Partners LLC acquired a new position in shares of Lennox International in the 2nd quarter worth approximately $50,000. Finally, Allworth Financial LP acquired a new position in shares of Lennox International in the 2nd quarter worth approximately $91,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Stock Performance

NYSE LII opened at $350.59 on Thursday. The company has a market cap of $11.99 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.93 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57. The stock has a 50-day moving average of $361.68 and a two-hundred day moving average of $465.33. Lennox International, Inc. has a 1-year low of $322.00 and a 1-year high of $587.27.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $6.98 earnings per share. As a group, analysts anticipate that Lennox International, Inc. will post 21.39 EPS for the current year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $1.36 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.6%. Lennox International’s payout ratio is 25.24%.

Insider Buying and Selling at Lennox International

In related news, EVP Daniel Sessa sold 829 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $353.17, for a total transaction of $292,777.93. Following the sale, the executive vice president directly owned 34,640 shares of the company’s stock, valued at $12,233,808.80. This represents a 2.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.80% of the company’s stock.

Analyst Ratings Changes

LII has been the subject of a number of research analyst reports. Stephens cut shares of Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price objective for the company. in a research report on Thursday, October 29th. Oppenheimer lowered Lennox International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. The Goldman Sachs Group lowered Lennox International from a “buy” rating to a “neutral” rating and cut their target price for the company from $547.00 to $390.00 in a research report on Wednesday, October 14th. William Blair restated an “outperform” rating on shares of Lennox International in a research note on Wednesday, July 29th. Finally, Mizuho set a $350.00 price target on Lennox International in a research report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Lennox International currently has a consensus rating of “Hold” and an average price target of $444.85.

About Lennox International

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.