Mediolanum International Funds Ltd Grows Stake in Lennox International Inc. (NYSE:LII)

Mediolanum International Funds Ltd lifted its stake in shares of Lennox International Inc. (NYSE:LII) by 469.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,053 shares of the construction company’s stock after purchasing an additional 17,357 shares during the period. Mediolanum International Funds Ltd owned 0.06% of Lennox International worth $12,895,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LII. Handelsbanken Fonder AB lifted its holdings in Lennox International by 22.4% during the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock valued at $3,626,000 after purchasing an additional 1,100 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Lennox International by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 326 shares of the construction company’s stock worth $197,000 after buying an additional 71 shares during the period. UMB Bank n.a. grew its stake in Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Lennox International by 167.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 249 shares of the construction company’s stock valued at $150,000 after acquiring an additional 156 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Lennox International by 87.7% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 229 shares of the construction company’s stock worth $138,000 after acquiring an additional 107 shares during the period. Institutional investors own 67.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a report on Thursday. Northcoast Research started coverage on shares of Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price target on the stock. Robert W. Baird boosted their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $675.00 to $625.00 in a research report on Thursday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Lennox International has a consensus rating of “Hold” and an average price target of $602.57.

Lennox International Trading Down 2.5 %

Shares of LII stock opened at $591.45 on Friday. The business has a 50-day moving average price of $639.82 and a two-hundred day moving average price of $607.36. Lennox International Inc. has a 12-month low of $412.09 and a 12-month high of $682.50. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The firm has a market cap of $21.07 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 142.64% and a net margin of 15.11%. Equities analysts anticipate that Lennox International Inc. will post 23.08 EPS for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s dividend payout ratio is presently 20.41%.

Insider Transactions at Lennox International

In other Lennox International news, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the transaction, the chief accounting officer now owns 1,446 shares in the company, valued at approximately $904,458.54. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd J. Teske sold 500 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $675.52, for a total transaction of $337,760.00. Following the sale, the director now owns 7,911 shares of the company’s stock, valued at approximately $5,344,038.72. This represents a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,200 shares of company stock worth $793,228. Company insiders own 10.40% of the company’s stock.

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.