New York State Common Retirement Fund Has $24.57 Million Stock Holdings in Lennox International Inc. (NYSE:LII)

New York State Common Retirement Fund decreased its holdings in shares of Lennox International Inc. (NYSE:LII) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,900 shares of the construction company’s stock after selling 2,802 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of Lennox International worth $24,569,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. iA Global Asset Management Inc. acquired a new stake in shares of Lennox International during the third quarter worth $8,067,000. DNB Asset Management AS acquired a new stake in shares of Lennox International during the fourth quarter worth $5,393,000. RiverFront Investment Group LLC acquired a new stake in shares of Lennox International during the third quarter worth $1,490,000. Strs Ohio acquired a new stake in shares of Lennox International during the third quarter worth $1,386,000. Finally, Naples Money Management LLC acquired a new stake in shares of Lennox International during the fourth quarter worth $1,588,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Buying and Selling at Lennox International

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LII shares. Mizuho lifted their target price on Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. JPMorgan Chase & Co. lifted their target price on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Lennox International in a report on Thursday, February 1st. They set a “buy” rating and a $523.00 target price for the company. Royal Bank of Canada raised their price target on Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, TD Cowen raised their price target on Lennox International from $450.00 to $505.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $482.31.

Lennox International Stock Performance

Lennox International stock opened at $477.10 on Friday. Lennox International Inc. has a 12-month low of $264.88 and a 12-month high of $501.72. The company has a quick ratio of 0.72, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. The business’s 50-day moving average price is $472.39 and its two-hundred day moving average price is $435.55. The stock has a market cap of $16.99 billion, a PE ratio of 27.64, a P/E/G ratio of 2.33 and a beta of 1.02.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a return on equity of 303.36% and a net margin of 12.38%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. As a group, analysts expect that Lennox International Inc. will post 19.77 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 27th. Lennox International’s dividend payout ratio is presently 25.49%.

About Lennox International

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.