Everence Capital Management Inc. Takes $567,000 Position in Lennox International Inc. (NYSE:LII)

Everence Capital Management Inc. purchased a new stake in shares of Lennox International Inc. (NYSE:LII) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 930 shares of the construction company’s stock, valued at approximately $567,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Lennox International during the 3rd quarter valued at $27,000. First Horizon Advisors Inc. purchased a new position in Lennox International during the 3rd quarter valued at about $39,000. Huntington National Bank boosted its stake in Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after acquiring an additional 23 shares in the last quarter. UMB Bank n.a. grew its holdings in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Lennox International during the third quarter valued at approximately $77,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LII has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Mizuho raised 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. Royal Bank of Canada upped their price target on shares of Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. UBS Group raised their price objective on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Northcoast Research began coverage on shares of Lennox International in a research note on Friday, November 22nd. They issued a “sell” rating and a $475.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $590.15.

Lennox International Trading Up 1.4 %

Shares of NYSE:LII opened at $612.71 on Friday. Lennox International Inc. has a 12-month low of $412.09 and a 12-month high of $682.50. The company has a market cap of $21.83 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The stock has a 50 day moving average of $634.04 and a 200 day moving average of $595.20. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

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

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is 21.84%.

Insider Transactions at Lennox International

In other Lennox International news, EVP John D. Torres sold 581 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $620.98, for a total value of $360,789.38. Following the completion of the transaction, the executive vice president now directly owns 4,668 shares in the company, valued at $2,898,734.64. This represents a 11.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Todd J. Teske sold 500 shares of Lennox International stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $675.52, for a total transaction of $337,760.00. Following the sale, the director now owns 7,911 shares in the company, valued at approximately $5,344,038.72. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,106 shares of company stock valued at $1,353,233 over the last 90 days. Company insiders own 10.40% of the company’s stock.

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.