Lennox International, Inc. $LII Stock Sold by HFR Wealth Management LLC

HFR Wealth Management LLC cut its position in shares of Lennox International, Inc. (NYSE:LII) by 86.5% in the third quarter, Holdings Channel.com reports. The firm owned 3,490 shares of the construction company’s stock after selling 22,335 shares during the quarter. HFR Wealth Management LLC’s holdings in Lennox International were worth $1,239,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LII. N.E.W. Advisory Services LLC purchased a new stake in Lennox International in the 2nd quarter worth about $37,000. SBI Securities Co. Ltd. lifted its stake in Lennox International by 3,500.0% in the third quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Burkett Financial Services LLC purchased a new position in shares of Lennox International during the third quarter valued at approximately $26,000. Global Retirement Partners LLC purchased a new position in shares of Lennox International during the second quarter valued at approximately $50,000. Finally, Gen Wealth Partners Inc purchased a new position in shares of Lennox International during the third quarter valued at approximately $32,000. 67.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lennox International news, EVP Daniel Sessa sold 829 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $353.17, for a total transaction of $292,777.93. Following the transaction, the executive vice president directly owned 34,640 shares in the company, valued at $12,233,808.80. This trade represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LII. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a research note on Wednesday, July 29th. Stephens lowered Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price target for the company. in a research note on Thursday, October 29th. Morgan Stanley dropped their price objective on Lennox International from $375.00 to $350.00 and set an “underweight” rating for the company in a report on Thursday, October 15th. Zacks Research downgraded Lennox International from a “hold” rating to a “strong sell” rating in a research report on Friday, October 30th. Finally, The Goldman Sachs Group downgraded Lennox International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $547.00 to $390.00 in a research report on Wednesday, October 14th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $444.85.

Lennox International Trading Up 1.3%

LII stock traded up $4.36 during mid-day trading on Friday, reaching $352.44. The company had a trading volume of 600,126 shares, compared to its average volume of 749,475. The company has a market capitalization of $12.06 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The firm has a 50 day moving average of $360.50 and a 200 day moving average of $463.78. Lennox International, Inc. has a 12 month low of $322.00 and a 12 month high of $587.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57.

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

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 annualized dividend and a yield of 1.5%. Lennox International’s dividend payout ratio is 25.24%.

Lennox International Profile

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.