65 Shares in Lennox International Inc. (NYSE:LII) Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. acquired a new stake in Lennox International Inc. (NYSE:LII) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 65 shares of the construction company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB bought a new stake in shares of Lennox International during the first quarter valued at approximately $15,416,000. New York State Common Retirement Fund lifted its holdings in shares of 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 buying an additional 2,013 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Lennox International in the 2nd quarter worth $491,000. Achmea Investment Management B.V. grew its position in shares of Lennox International by 7.3% during the 2nd quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after buying an additional 5,673 shares in the last quarter. Finally, National Pension Service increased its stake in shares of Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after buying an additional 1,140 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insiders Place Their Bets

In related news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the completion of the transaction, the director now owns 2,035 shares of the company’s stock, valued at approximately $1,247,393.95. This represents a 13.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the sale, the executive vice president now directly owns 16,162 shares in the company, valued at approximately $9,438,608. The trade was a 24.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,480 shares of company stock worth $3,823,519. Corporate insiders own 10.40% of the company’s stock.

Analysts Set New Price Targets

LII has been the topic of several recent research reports. Robert W. Baird increased their target price on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Barclays lifted their price objective on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Mizuho lifted their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price target on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus price target of $575.54.

Lennox International Stock Up 3.3 %

LII stock opened at $679.08 on Tuesday. The company has a market capitalization of $24.19 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.07. Lennox International Inc. has a 12 month low of $397.34 and a 12 month high of $682.50. The firm’s fifty day simple moving average is $612.51 and its 200-day simple moving average is $567.57. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating the consensus estimate of $5.95 by $0.73. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $5.37 earnings per share. As a group, equities research analysts forecast that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a yield of 0.68%. Lennox International’s dividend payout ratio is presently 21.84%.

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.