Handelsbanken Fonder AB Purchases 1,100 Shares of Lennox International Inc. (NYSE:LII)

Handelsbanken Fonder AB boosted its position in shares of Lennox International Inc. (NYSE:LII) by 22.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the construction company’s stock after buying an additional 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in Lennox International were worth $3,626,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Lennox International during the 2nd quarter worth approximately $33,000. Massmutual Trust Co. FSB ADV lifted its stake in Lennox International by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Lennox International in the 1st quarter valued at $41,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Lennox International in the 2nd quarter valued at $65,000. Finally, Bessemer Group Inc. raised its holdings in shares of Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after buying an additional 121 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. KeyCorp lifted their target price on Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Royal Bank of Canada lifted their price target on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Wells Fargo & Company increased their price objective on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday. The Goldman Sachs Group boosted their target price on shares of Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Stephens reiterated an “overweight” rating and issued a $675.00 price target on shares of Lennox International in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $560.83.

Lennox International Stock Up 2.3 %

Shares of LII opened at $607.89 on Wednesday. The stock’s 50-day moving average price is $580.95 and its two-hundred day moving average price is $533.34. Lennox International Inc. has a 12 month low of $334.53 and a 12 month high of $627.09. The company has a market capitalization of $21.66 billion, a PE ratio of 35.22, a PEG ratio of 1.97 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

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

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 26.65%.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $578.00, for a total value of $1,984,852.00. Following the completion of the sale, the executive vice president now owns 21,536 shares in the company, valued at $12,447,808. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Chris Kosel sold 1,744 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock valued at $7,563,793 over the last quarter. 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.