Jensen Investment Management Inc. Decreases Holdings in Lennox International Inc. (NYSE:LII)

Jensen Investment Management Inc. lessened its stake in shares of Lennox International Inc. (NYSE:LII) by 30.3% during the third quarter, HoldingsChannel reports. The firm owned 8,200 shares of the construction company’s stock after selling 3,570 shares during the period. Jensen Investment Management Inc.’s holdings in Lennox International were worth $4,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LII. Forsta AP Fonden boosted its holdings in Lennox International by 165.0% in the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock worth $10,362,000 after acquiring an additional 13,200 shares during the period. Swedbank AB acquired a new stake in Lennox International during the 1st quarter valued at $15,416,000. New York State Common Retirement Fund increased its stake in Lennox International by 3.8% during the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after buying an additional 2,013 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in Lennox International in the 2nd quarter worth $491,000. Finally, Achmea Investment Management B.V. boosted its position in Lennox International by 7.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after buying an additional 5,673 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Transactions at Lennox International

In related news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now owns 16,162 shares in the company, valued at $9,438,608. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Shane D. Wall sold 325 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $612.97, for a total transaction of $199,215.25. Following the transaction, the director now directly owns 2,035 shares in the company, valued at $1,247,393.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,214 shares of company stock valued at $7,123,108 in the last three months. 10.40% of the stock is currently owned by corporate insiders.

Lennox International Stock Performance

LII stock traded up $8.71 during trading on Friday, reaching $630.95. 277,032 shares of the company’s stock were exchanged, compared to its average volume of 264,435. The firm has a market cap of $22.48 billion, a PE ratio of 29.96, a P/E/G ratio of 1.85 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. Lennox International Inc. has a 1-year low of $386.11 and a 1-year high of $636.25. The company’s fifty day moving average price is $598.90 and its 200-day moving average price is $554.43.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.95 by $0.73. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $5.37 earnings per share. On average, research analysts expect that Lennox International Inc. will post 21.1 EPS for the current fiscal year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.15 per share. The ex-dividend date was Monday, September 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.73%. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Wall Street Analyst Weigh In

LII has been the topic of several recent analyst reports. Barclays boosted their price target on Lennox International from $575.00 to $624.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Robert W. Baird increased their target price on Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Stephens restated an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research note on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Mizuho boosted their target price on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $583.92.

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.