Sumitomo Mitsui Trust Group Inc. Has $37.31 Million Position in Lennox International Inc. (NYSE:LII)

Sumitomo Mitsui Trust Group Inc. decreased its position in Lennox International Inc. (NYSE:LII) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,737 shares of the construction company’s stock after selling 108 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Lennox International worth $37,307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LII. Swedbank AB bought a new position in Lennox International in the 1st quarter worth $15,416,000. Driehaus Capital Management LLC acquired a new stake in shares of Lennox International during the 2nd quarter worth approximately $11,115,000. Achmea Investment Management B.V. raised its stake in shares of Lennox International by 7.3% in the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after purchasing an additional 5,673 shares in the last quarter. Rhumbline Advisers lifted its position in Lennox International by 3.1% in the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock worth $53,060,000 after purchasing an additional 2,958 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in Lennox International during the first quarter worth $1,023,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Trading Down 1.2 %

Shares of LII opened at $610.15 on Friday. The stock’s fifty day simple moving average is $604.38 and its 200-day simple moving average is $559.55. 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 capitalization of $21.73 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. Lennox International Inc. has a 12-month low of $397.34 and a 12-month high of $653.83.

Lennox International (NYSE:LII) last released its 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%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $5.37 EPS. As a group, research analysts predict that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, September 30th. Lennox International’s payout ratio is 21.84%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LII shares. Wells Fargo & Company lifted their target price on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Barclays boosted their price target 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. Royal Bank of Canada lifted their target price on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 15th. Finally, Stephens reiterated an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $583.92.

Insider Activity

In other Lennox International news, CAO Chris Kosel sold 200 shares of the stock in a transaction dated Wednesday, November 13th. The stock was 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 of the company’s stock, valued at approximately $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Prakash Bedapudi sold 5,374 shares of the firm’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 transaction, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. This trade represents a 24.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,414 shares of company stock valued at $7,248,206 in the last 90 days. 10.40% of the stock is owned by company insiders.

About Lennox International

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.