Handelsinvest Investeringsforvaltning Sells 428 Shares of Lennox International Inc. (NYSE:LII)

Handelsinvest Investeringsforvaltning lessened its position in Lennox International Inc. (NYSE:LII) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 824 shares of the construction company’s stock after selling 428 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Lennox International were worth $403,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LII. New England Research & Management Inc. acquired a new stake in Lennox International in the 1st quarter worth $489,000. Rise Advisors LLC acquired a new stake in Lennox International in the 1st quarter worth $41,000. Symmetry Partners LLC grew its position in Lennox International by 4.6% in the 1st quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock worth $1,044,000 after purchasing an additional 94 shares during the last quarter. V Square Quantitative Management LLC grew its position in Lennox International by 66.0% in the 4th quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after purchasing an additional 140 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of Lennox International during the 4th quarter valued at about $203,000. Institutional investors own 67.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Mizuho lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $350.00 to $360.00 and gave the company an “underweight” rating in a report on Thursday, April 25th. Stephens reaffirmed an “overweight” rating and issued a $550.00 target price on shares of Lennox International in a research note on Thursday, April 25th. Finally, UBS Group boosted their target price on shares of Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $491.92.

Lennox International Stock Up 2.1 %

Lennox International stock opened at $547.19 on Thursday. The stock has a market capitalization of $19.49 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. Lennox International Inc. has a twelve month low of $314.11 and a twelve month high of $553.48. The company has a quick ratio of 0.68, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. The company has a 50 day moving average of $504.51 and a 200-day moving average of $473.26.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.17 by $0.30. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. On average, equities research analysts anticipate that Lennox International Inc. will post 19.96 EPS for the current fiscal year.

Lennox International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, June 28th. This is a boost from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s dividend 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.