Naples Money Management LLC Makes New $1.59 Million Investment in Lennox International Inc. (NYSE:LII)

Naples Money Management LLC acquired a new stake in shares of Lennox International Inc. (NYSE:LII) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,550 shares of the construction company’s stock, valued at approximately $1,588,000. Lennox International comprises 1.5% of Naples Money Management LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. iA Global Asset Management Inc. purchased a new position in shares of Lennox International in the 3rd quarter valued at approximately $8,067,000. BNP Paribas Arbitrage SNC lifted its position in Lennox International by 151.5% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 27,644 shares of the construction company’s stock worth $6,946,000 after acquiring an additional 16,653 shares during the period. Geode Capital Management LLC grew its stake in Lennox International by 3.0% during the 1st quarter. Geode Capital Management LLC now owns 490,179 shares of the construction company’s stock valued at $123,003,000 after purchasing an additional 14,062 shares during the last quarter. DNB Asset Management AS acquired a new position in shares of Lennox International in the fourth quarter valued at about $5,393,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Lennox International by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 404,068 shares of the construction company’s stock worth $89,973,000 after purchasing an additional 10,227 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total transaction of $909,956.40. Following the completion of the sale, the executive vice president now directly owns 24,533 shares in the company, valued at $11,566,818.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lennox International news, EVP Gary S. Bedard sold 1,849 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $473.59, for a total value of $875,667.91. Following the transaction, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $471.48, for a total value of $909,956.40. Following the transaction, the executive vice president now owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. 10.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LII shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Lennox International in a report on Thursday, February 1st. They issued a “buy” rating and a $523.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded Lennox International from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. TD Cowen raised their target price on Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Barclays boosted their price target on Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $473.67.

Lennox International Price Performance

Shares of NYSE:LII traded down $1.49 during midday trading on Friday, reaching $457.15. 216,621 shares of the company’s stock traded hands, compared to its average volume of 260,393. The company has a fifty day simple moving average of $469.84 and a two-hundred day simple moving average of $431.50. Lennox International Inc. has a 1 year low of $256.74 and a 1 year high of $501.72. The company has a market cap of $16.28 billion, a P/E ratio of 27.77, a PEG ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.17. Lennox International had a net margin of 11.85% and a return on equity of 671.77%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Equities analysts predict that Lennox International Inc. will post 19.74 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 0.96%. The ex-dividend date was Wednesday, March 27th. Lennox International’s payout ratio is 26.60%.

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.