Denali Advisors LLC Has $440,000 Stock Position in Lennox International Inc. (NYSE:LII)

Denali Advisors LLC lessened its holdings in Lennox International Inc. (NYSE:LII) by 47.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 900 shares of the construction company’s stock after selling 806 shares during the quarter. Denali Advisors LLC’s holdings in Lennox International were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Lennox International by 9.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock worth $35,745,000 after acquiring an additional 6,041 shares during the period. Russell Investments Group Ltd. lifted its stake in Lennox International by 33.6% in the fourth quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock valued at $19,711,000 after buying an additional 11,077 shares during the period. iA Global Asset Management Inc. bought a new position in Lennox International during the third quarter worth about $8,067,000. BNP Paribas Financial Markets grew its position in shares of Lennox International by 87.6% during the 4th quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock worth $8,089,000 after buying an additional 8,441 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in shares of Lennox International in the 4th quarter valued at about $5,795,000. 67.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LII has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Lennox International from $450.00 to $500.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on shares of Lennox International from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Friday, May 17th. KeyCorp raised their price objective on Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Mizuho lifted their target price on Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, TD Cowen raised their price target on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $491.92.

Lennox International Price Performance

Shares of NYSE LII opened at $547.19 on Thursday. The business’s 50 day moving average is $504.51 and its 200-day moving average is $473.26. The firm has a market cap of $19.49 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. Lennox International Inc. has a 1-year low of $314.11 and a 1-year high of $553.48. The company has a current ratio of 1.43, a quick ratio of 0.68 and a debt-to-equity ratio of 3.13.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Equities research analysts predict 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. Investors of record on Friday, June 28th will be paid a $1.15 dividend. This is a boost from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 28th. Lennox International’s payout ratio 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.