Dorsey Wright & Associates Trims Position in Lennox International Inc. (NYSE:LII)

Dorsey Wright & Associates lessened its holdings in shares of Lennox International Inc. (NYSE:LII) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,697 shares of the construction company’s stock after selling 45 shares during the quarter. Dorsey Wright & Associates’ holdings in Lennox International were worth $2,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Everence Capital Management Inc. bought a new position in Lennox International in the 4th quarter worth $567,000. Toronto Dominion Bank raised its stake in Lennox International by 27.0% in the third quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock worth $2,393,000 after buying an additional 841 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Lennox International by 3.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 681 shares of the construction company’s stock worth $415,000 after buying an additional 20 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in Lennox International by 1,065.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after acquiring an additional 7,012 shares in the last quarter. Finally, Eukles Asset Management purchased a new position in shares of Lennox International during the 4th quarter worth approximately $447,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Activity

In related news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction 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 completion of the sale, the chief accounting officer now owns 1,282 shares of the company’s stock, valued at $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on LII shares. Wells Fargo & Company restated an “underweight” rating and issued a $580.00 target price (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. Barclays raised Lennox International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $665.00 to $702.00 in a research report on Wednesday, February 26th. Stephens reaffirmed an “overweight” rating and issued a $750.00 target price on shares of Lennox International in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price objective on shares of Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $614.62.

Lennox International Price Performance

Shares of NYSE LII opened at $552.20 on Friday. The firm has a market cap of $19.65 billion, a P/E ratio of 24.50, a PEG ratio of 2.36 and a beta of 1.13. Lennox International Inc. has a twelve month low of $445.63 and a twelve month high of $682.50. 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 company has a 50 day moving average of $603.95 and a 200 day moving average of $615.69.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $1.15 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.83%. Lennox International’s dividend payout ratio is presently 20.41%.

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.