California Public Employees Retirement System Has $27.62 Million Stock Position in Lennox International Inc. (NYSE:LII)

California Public Employees Retirement System lowered its position in shares of Lennox International Inc. (NYSE:LII) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,718 shares of the construction company’s stock after selling 415 shares during the quarter. California Public Employees Retirement System’s holdings in Lennox International were worth $27,620,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. iA Global Asset Management Inc. bought a new stake in Lennox International during the 3rd quarter worth about $8,067,000. DNB Asset Management AS bought a new stake in Lennox International during the 4th quarter worth about $5,393,000. RiverFront Investment Group LLC bought a new stake in Lennox International during the 3rd quarter worth about $1,490,000. Strs Ohio bought a new stake in Lennox International during the 3rd quarter worth about $1,386,000. Finally, Naples Money Management LLC bought a new stake in Lennox International during the 4th quarter worth about $1,588,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Stock Performance

Shares of LII stock opened at $477.11 on Friday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.72 and a current ratio of 1.43. The company has a market capitalization of $16.99 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02. The company’s 50 day moving average price is $472.39 and its two-hundred day moving average price is $435.93. Lennox International Inc. has a 52 week low of $264.88 and a 52 week high of $501.72.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. On average, analysts expect that Lennox International Inc. will post 19.82 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 0.92%. Lennox International’s dividend payout ratio (DPR) is currently 25.49%.

Insiders Place Their Bets

In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 in the company, valued at approximately $11,566,818.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Gary S. Bedard sold 1,849 shares of Lennox International 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 sale, the executive vice president now directly owns 20,465 shares in the company, valued at $9,692,019.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph William Reitmeier sold 1,930 shares of Lennox International stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 owns 24,533 shares in the company, valued at $11,566,818.84. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.

Wall Street Analyst Weigh In

LII has been the topic of a number of research analyst reports. StockNews.com lowered shares of Lennox International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lennox International in a research note on Thursday, February 1st. They issued a “buy” rating and a $523.00 target price on the stock. KeyCorp raised their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Lennox International from $350.00 to $360.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of Lennox International from $545.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $482.31.

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.