Lennox International, Inc. (NYSE:LII) Shares Bought by World Asset Management Inc
World Asset Management Inc raised its stake in Lennox International, Inc. (NYSE:LII) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,784 shares of the construction company’s stock after buying an additional 61 shares during the period. World Asset Management Inc’s holdings in Lennox International were worth $511,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of LII. Genesee Valley Trust Co. boosted its position in Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock valued at $376,000 after buying an additional 24 shares in the last quarter. Argent Capital Management LLC boosted its position in Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock valued at $436,000 after buying an additional 60 shares in the last quarter. Huntington National Bank boosted its position in Lennox International by 16.7% in the second quarter. Huntington National Bank now owns 566 shares of the construction company’s stock valued at $104,000 after buying an additional 81 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in Lennox International by 19.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 620 shares of the construction company’s stock valued at $103,000 after buying an additional 101 shares in the last quarter. Finally, MAI Capital Management boosted its position in Lennox International by 1.6% in the first quarter. MAI Capital Management now owns 6,991 shares of the construction company’s stock valued at $1,170,000 after buying an additional 110 shares in the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lennox International, Inc. (NYSE LII) opened at 167.53 on Friday. Lennox International, Inc. has a 52 week low of $140.97 and a 52 week high of $192.58. The firm has a 50 day moving average price of $179.43 and a 200 day moving average price of $171.56. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 24.13 and a beta of 1.14.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 24th. The construction company reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Lennox International had a return on equity of 1,821.73% and a net margin of 7.92%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $2.53 EPS. Equities analysts forecast that Lennox International, Inc. will post $8.02 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.51 dividend. This is an increase from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Wednesday, June 28th. Lennox International’s dividend payout ratio (DPR) is 29.35%.
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Several research firms have weighed in on LII. Wolfe Research began coverage on Lennox International in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Lennox International in a research report on Tuesday, July 25th. BidaskClub cut Lennox International from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Morgan Stanley reissued an “underweight” rating and issued a $161.00 price objective (down previously from $164.00) on shares of Lennox International in a research report on Tuesday, July 25th. Finally, TheStreet cut Lennox International from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $176.71.
In other news, VP Chris Kosel sold 357 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.51, for a total value of $61,943.07. Following the transaction, the vice president now directly owns 1,379 shares in the company, valued at approximately $239,270.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Todd M. Bluedorn sold 11,387 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $170.75, for a total value of $1,944,330.25. Following the completion of the transaction, the chairman now owns 181,410 shares in the company, valued at $30,975,757.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,094 shares of company stock worth $2,409,181. Company insiders own 3.90% of the company’s stock.
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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