Impax Asset Management Group plc Cuts Holdings in Lennox International Inc. (NYSE:LII)

Impax Asset Management Group plc lowered its holdings in Lennox International Inc. (NYSE:LII) by 10.0% in the 3rd quarter, Holdings Channel reports. The firm owned 221,555 shares of the construction company’s stock after selling 24,595 shares during the period. Impax Asset Management Group plc’s holdings in Lennox International were worth $133,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Forsta AP Fonden raised its position 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 buying an additional 13,200 shares during the last quarter. Swedbank AB bought a new position in Lennox International during the first quarter valued at approximately $15,416,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after purchasing an additional 6,041 shares during the last quarter. New York State Common Retirement Fund grew its position in Lennox International by 3.8% in 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 purchasing an additional 2,013 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Lennox International during the 2nd quarter valued at $491,000. 67.07% of the stock is owned by institutional investors.

Lennox International Trading Up 0.2 %

Shares of LII stock opened at $604.66 on Tuesday. The stock has a fifty day simple moving average of $595.11 and a two-hundred day simple moving average of $549.63. The firm has a market capitalization of $21.54 billion, a PE ratio of 28.71, a PEG ratio of 1.85 and a beta of 1.07. Lennox International Inc. has a 52-week low of $381.49 and a 52-week high of $627.46. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. Lennox International’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.37 EPS. On average, analysts predict that Lennox International Inc. will post 21.06 EPS for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, September 30th. Lennox International’s payout ratio is 21.84%.

Insider Activity

In related news, EVP Prakash Bedapudi sold 3,434 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the sale, the executive vice president now directly owns 21,536 shares in the company, valued at $12,447,808. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John D. Torres sold 581 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $620.98, for a total value of $360,789.38. Following the transaction, the executive vice president now directly owns 4,668 shares in the company, valued at approximately $2,898,734.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now owns 21,536 shares of the company’s stock, valued at $12,447,808. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,214 shares of company stock worth $7,123,108. 10.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LII has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their price objective 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. Barclays boosted their target price on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Stephens reiterated an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $583.92.

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.