Argent Trust Co Has $356,000 Stake in Lennox International Inc. (NYSE:LII)

Argent Trust Co lifted its holdings in Lennox International Inc. (NYSE:LII) by 6.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 665 shares of the construction company’s stock after acquiring an additional 41 shares during the quarter. Argent Trust Co’s holdings in Lennox International were worth $356,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Swedbank AB acquired a new position in Lennox International in the first quarter worth $15,416,000. SG Americas Securities LLC grew its holdings in Lennox International by 279.7% during the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after acquiring an additional 18,972 shares during the last quarter. Forsta AP Fonden increased its position in Lennox International by 165.0% in the 1st quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after acquiring an additional 13,200 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in Lennox International in the 4th quarter valued at about $5,795,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Lennox International by 9.0% in the first 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 last quarter. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Performance

Shares of LII stock opened at $612.54 on Friday. The stock has a market cap of $21.82 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The stock has a 50-day moving average of $569.45 and a 200-day moving average of $521.02. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. Lennox International Inc. has a one year low of $334.53 and a one year high of $627.09.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.15 earnings per share. As a group, sell-side analysts expect that Lennox International Inc. will post 20.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LII shares. KeyCorp increased their price target on shares of Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company lowered Lennox International from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $550.00 to $570.00 in a research report on Wednesday, July 10th. Robert W. Baird boosted their target price on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Royal Bank of Canada raised their price target on Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Finally, Barclays boosted their price objective on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $543.62.

Insider Buying and Selling at Lennox International

In other news, EVP Prakash Bedapudi sold 5,374 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at $9,438,608. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Prakash Bedapudi sold 5,374 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at $9,438,608. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at $1,279,549.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,052 shares of company stock valued at $7,563,793. Company insiders own 10.40% of the company’s stock.

About Lennox International

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.