Sciencast Management LP Invests $1.58 Million in Lennox International Inc. (NYSE:LII)

Sciencast Management LP purchased a new position in shares of Lennox International Inc. (NYSE:LII) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,596 shares of the construction company’s stock, valued at approximately $1,582,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Funds Management Pty Ltd boosted its position in Lennox International by 200.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 900 shares of the construction company’s stock valued at $548,000 after purchasing an additional 600 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Lennox International by 487.7% during the fourth quarter. Jones Financial Companies Lllp now owns 429 shares of the construction company’s stock valued at $261,000 after purchasing an additional 356 shares in the last quarter. Private Trust Co. NA boosted its position in Lennox International by 62.5% during the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after purchasing an additional 45 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in Lennox International during the fourth quarter valued at about $322,000. Finally, Vicus Capital bought a new stake in Lennox International during the fourth quarter valued at about $202,000. Institutional investors own 67.07% of the company’s stock.

Lennox International Trading Down 1.5 %

Shares of NYSE:LII opened at $570.07 on Friday. The business has a 50-day moving average price of $609.66 and a 200-day moving average price of $614.98. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.36 and a beta of 1.13. Lennox International Inc. has a 52-week low of $445.63 and a 52-week high of $682.50.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Equities analysts predict that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.81%. Lennox International’s dividend payout ratio is currently 20.41%.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. UBS Group increased their price target on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Royal Bank of Canada increased their price target on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Wells Fargo & Company reiterated an “underweight” rating and issued a $580.00 price target (down from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Finally, Morgan Stanley initiated coverage on Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target for the company. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus target price of $614.62.

Lennox International Company 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.