Denali Advisors LLC Trims Holdings in Lennox International Inc. (NYSE:LII)

Denali Advisors LLC decreased its stake in shares of Lennox International Inc. (NYSE:LII) by 47.2% during the first quarter, HoldingsChannel.com reports. The firm owned 900 shares of the construction company’s stock after selling 806 shares during the period. Denali Advisors LLC’s holdings in Lennox International were worth $440,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LII. iA Global Asset Management Inc. purchased a new stake in shares of Lennox International in the third quarter worth about $8,067,000. Eagle Asset Management Inc. purchased a new position in Lennox International during the fourth quarter valued at approximately $5,795,000. DNB Asset Management AS bought a new stake in Lennox International during the 4th quarter worth approximately $5,393,000. Russell Investments Group Ltd. lifted its stake in Lennox International by 33.6% in the 4th quarter. Russell Investments Group Ltd. now owns 44,049 shares of the construction company’s stock worth $19,711,000 after purchasing an additional 11,077 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Lennox International by 87.6% in the 4th quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock valued at $8,089,000 after purchasing an additional 8,441 shares during the period. Institutional investors own 67.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LII. Mizuho upped their price target on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Company upped their target price on Lennox International from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. TD Cowen lifted their price target on Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Stephens reissued an “overweight” rating and set a $550.00 price objective on shares of Lennox International in a report on Thursday, April 25th. Finally, Barclays raised their target price on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $491.92.

Lennox International Stock Up 2.1 %

Shares of LII opened at $547.19 on Thursday. Lennox International Inc. has a 1 year low of $314.11 and a 1 year high of $553.48. The company has a debt-to-equity ratio of 3.13, a current ratio of 1.43 and a quick ratio of 0.68. The stock has a 50 day simple moving average of $504.51 and a two-hundred day simple moving average of $473.26. The firm has a market cap of $19.49 billion, a P/E ratio of 31.70, a P/E/G ratio of 2.42 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, analysts forecast that Lennox International Inc. will post 19.96 earnings per share for the current fiscal year.

Lennox International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.84%. This is a positive change from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date is Friday, June 28th. Lennox International’s dividend payout ratio is presently 26.65%.

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.