Lennox International Inc. (NYSE:LII) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. trimmed its position in shares of Lennox International Inc. (NYSE:LII) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,014 shares of the construction company’s stock after selling 535 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Lennox International were worth $2,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Desjardins Global Asset Management Inc. grew its position in Lennox International by 1.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 4,346 shares of the construction company’s stock worth $1,945,000 after buying an additional 41 shares during the period. Eagle Bay Advisors LLC increased its holdings in Lennox International by 14.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 645 shares of the construction company’s stock valued at $289,000 after buying an additional 79 shares in the last quarter. Tobam increased its holdings in Lennox International by 1,640.0% in the fourth quarter. Tobam now owns 87 shares of the construction company’s stock valued at $39,000 after buying an additional 82 shares in the last quarter. Rise Advisors LLC purchased a new position in Lennox International in the first quarter valued at about $41,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Lennox International in the fourth quarter valued at about $42,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LII. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Lennox International in a report on Thursday, April 25th. Royal Bank of Canada increased their target price on shares of Lennox International from $481.00 to $510.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Mizuho increased their target price on shares of Lennox International from $490.00 to $540.00 and gave the company a “buy” rating in a report on Monday, April 1st. KeyCorp raised their price objective on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price objective on shares of Lennox International from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $491.92.

Lennox International Stock Up 2.3 %

Shares of NYSE LII opened at $536.02 on Wednesday. Lennox International Inc. has a 1 year low of $314.11 and a 1 year high of $553.48. The firm’s 50 day moving average price is $502.93 and its 200 day moving average price is $472.74. The firm has a market cap of $19.09 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.68 and a current ratio of 1.43.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. As a group, sell-side analysts anticipate that Lennox International Inc. will post 19.96 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, June 28th. This is a positive change from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s dividend payout ratio (DPR) is 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.