Lennox International Inc. (NYSE:LII) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. reduced its position in shares of Lennox International Inc. (NYSE:LII) by 12.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 880 shares of the construction company’s stock after selling 120 shares during the quarter. New England Research & Management Inc.’s holdings in Lennox International were worth $471,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares during the last quarter. Tobam boosted its holdings in shares of Lennox International by 1,640.0% in the 4th quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares in the last quarter. Rise Advisors LLC acquired a new position in Lennox International during the 1st quarter worth $41,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Lennox International during the 4th quarter worth $42,000. Finally, Bessemer Group Inc. lifted its stake in shares of Lennox International by 403.3% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after purchasing an additional 121 shares during the period. 67.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LII shares. UBS Group increased their target price on Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. KeyCorp raised their target price on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Barclays raised their target price on shares of Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Lennox International currently has an average rating of “Hold” and a consensus price target of $543.62.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.40% of the company’s stock.

Lennox International Stock Performance

Shares of LII stock traded up $9.94 during trading on Tuesday, reaching $545.04. 172,959 shares of the company’s stock traded hands, compared to its average volume of 290,977. The company has a market capitalization of $19.42 billion, a P/E ratio of 31.58, a PEG ratio of 1.81 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The firm’s 50-day moving average is $538.75 and its 200 day moving average is $493.06. Lennox International Inc. has a 1 year low of $334.53 and a 1 year high of $594.65.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. Lennox International’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $6.15 EPS. Equities research analysts expect that Lennox International Inc. will post 20.27 EPS for the current year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.84%. Lennox International’s dividend payout ratio is currently 26.65%.

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.