Gulf International Bank UK Ltd Sells 23 Shares of Lennox International Inc. (NYSE:LII)

Gulf International Bank UK Ltd lessened its stake in Lennox International Inc. (NYSE:LII) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,501 shares of the construction company’s stock after selling 23 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Lennox International were worth $1,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Lennox International in the third quarter valued at about $27,000. First Horizon Advisors Inc. bought a new stake in Lennox International in the third quarter valued at about $39,000. Huntington National Bank increased its holdings in Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after purchasing an additional 23 shares during the last quarter. Quantbot Technologies LP bought a new stake in Lennox International in the third quarter valued at about $77,000. Finally, Anchor Investment Management LLC bought a new stake in Lennox International in the third quarter valued at about $124,000. Institutional investors own 67.07% of the company’s stock.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.40% of the company’s stock.

Lennox International Stock Down 0.2 %

LII stock opened at $601.04 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The stock has a market capitalization of $21.39 billion, a P/E ratio of 26.67, a P/E/G ratio of 2.36 and a beta of 1.10. The business has a 50-day moving average of $620.66 and a 200-day moving average of $614.64. Lennox International Inc. has a fifty-two week low of $445.63 and a fifty-two week high of $682.50.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, sell-side analysts anticipate that Lennox International Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 0.77%. Lennox International’s dividend payout ratio (DPR) is presently 20.41%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LII. JPMorgan Chase & Co. increased their price target on Lennox International from $536.00 to $565.00 and gave the stock an “underweight” rating in a report on Thursday, January 30th. UBS Group increased their price target on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Northcoast Research began coverage on Lennox International in a report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price target for the company. Mizuho downgraded Lennox International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Finally, Morgan Stanley began coverage on Lennox International in a report on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $608.85.

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.