Lennox International Inc. (NYSE:LII) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its holdings in Lennox International Inc. (NYSE:LII) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,338 shares of the construction company’s stock after selling 216 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Lennox International were worth $1,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Eagle Asset Management Inc. purchased a new stake in Lennox International during the 4th quarter worth about $5,795,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Lennox International during the fourth quarter worth approximately $2,200,000. Dorsey Wright & Associates acquired a new stake in Lennox International in the fourth quarter valued at approximately $1,547,000. First Financial Bankshares Inc purchased a new position in Lennox International in the fourth quarter worth approximately $585,000. Finally, Brevan Howard Capital Management LP grew its holdings in Lennox International by 494.7% during the 4th quarter. Brevan Howard Capital Management LP now owns 3,622 shares of the construction company’s stock worth $1,621,000 after acquiring an additional 3,013 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the sale, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock valued at $7,563,793 over the last three months. 10.40% of the stock is currently owned by company insiders.

Lennox International Trading Up 0.7 %

NYSE LII opened at $616.89 on Tuesday. The firm’s fifty day moving average is $571.60 and its two-hundred day moving average is $523.59. Lennox International Inc. has a one year low of $334.53 and a one year high of $627.09. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The firm has a market cap of $21.98 billion, a PE ratio of 35.74, a P/E/G ratio of 1.81 and a beta of 1.07.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LII. Stephens reaffirmed an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Barclays lifted their price target on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Wells Fargo & Company downgraded 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 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 note on Monday, July 15th. Finally, Royal Bank of Canada increased their price target on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Lennox International currently has an average rating of “Hold” and a consensus price target of $555.00.

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.