Campbell & CO Investment Adviser LLC Makes New $214,000 Investment in Lennox International Inc. (NYSE:LII)

Campbell & CO Investment Adviser LLC bought a new stake in Lennox International Inc. (NYSE:LII) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 786 shares of the construction company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Braun Bostich & Associates Inc. purchased a new stake in Lennox International in the 3rd quarter worth about $45,000. Captrust Financial Advisors bought a new stake in shares of Lennox International in the second quarter valued at approximately $44,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Lennox International in the second quarter valued at approximately $94,000. Islay Capital Management LLC purchased a new stake in shares of Lennox International during the 2nd quarter valued at approximately $99,000. Finally, Asahi Life Asset Management CO. LTD. bought a new position in Lennox International in the 2nd quarter worth approximately $151,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Douglas L. Young sold 1,603 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $239.25, for a total value of $383,517.75. Following the completion of the sale, the chief operating officer now directly owns 67,357 shares in the company, valued at approximately $16,115,162.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Chris Kosel sold 634 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $263.66, for a total transaction of $167,160.44. Following the completion of the sale, the chief accounting officer now directly owns 1,901 shares of the company’s stock, valued at approximately $501,217.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,392 shares of company stock valued at $5,798,959. 3.40% of the stock is owned by insiders.

Several equities research analysts have issued reports on LII shares. Deutsche Bank Aktiengesellschaft increased their target price on Lennox International from $233.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Morgan Stanley increased their price objective on Lennox International from $190.00 to $208.00 and gave the stock an “underweight” rating in a report on Tuesday, October 13th. Credit Suisse Group lifted their target price on Lennox International from $234.00 to $257.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Jefferies Financial Group started coverage on Lennox International in a research report on Tuesday, October 13th. They set a “hold” rating and a $295.00 price target on the stock. Finally, Robert W. Baird raised their price objective on shares of Lennox International from $250.00 to $252.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $236.58.

LII stock opened at $288.22 on Friday. Lennox International Inc. has a one year low of $163.40 and a one year high of $291.70. The stock has a market cap of $11.03 billion, a PE ratio of 32.75 and a beta of 0.95. The firm has a 50 day simple moving average of $276.14 and a two-hundred day simple moving average of $236.81.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, July 20th. The construction company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.35. Lennox International had a net margin of 9.53% and a negative return on equity of 145.33%. The company had revenue of $941.30 million during the quarter, compared to the consensus estimate of $906.50 million. During the same period in the previous year, the firm posted $3.74 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Lennox International Inc. will post 8.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.08 dividend on an annualized basis and a yield of 1.07%. Lennox International’s payout ratio is 27.52%.

Lennox International Company Profile

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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Institutional Ownership by Quarter for Lennox International (NYSE:LII)

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