Forsta AP Fonden Increases Position in Lennox International Inc. (NYSE:LII)

Forsta AP Fonden lifted its holdings in Lennox International Inc. (NYSE:LII) by 165.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,200 shares of the construction company’s stock after purchasing an additional 13,200 shares during the period. Forsta AP Fonden owned about 0.06% of Lennox International worth $10,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Tobam increased its position in shares of Lennox International by 1,640.0% during the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares during the period. Rise Advisors LLC purchased a new position in shares of Lennox International during the 1st quarter worth approximately $41,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Lennox International in the 4th quarter worth approximately $42,000. GAMMA Investing LLC acquired a new position in shares of Lennox International in the 4th quarter valued at $80,000. Finally, V Square Quantitative Management LLC boosted its position in Lennox International by 66.0% during the 4th quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after purchasing an additional 140 shares during the period. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LII has been the topic of several research reports. Mizuho increased their price objective on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company lowered shares of Lennox International from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $550.00 to $570.00 in a research note on Wednesday, July 10th. Barclays boosted their target price on shares of Lennox International from $500.00 to $517.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. The Goldman Sachs Group boosted their price target 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, Robert W. Baird upped their price target on shares of Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $520.15.

Lennox International Stock Down 0.1 %

LII stock opened at $557.19 on Monday. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.68 and a current ratio of 1.43. The company has a fifty day moving average of $515.85 and a 200-day moving average of $478.63. Lennox International Inc. has a one year low of $328.94 and a one year high of $572.21. The stock has a market capitalization of $19.85 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.17 by $0.30. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. As a group, analysts expect that Lennox International Inc. will post 20.01 EPS for the current year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $1.15 dividend. This is a boost from Lennox International’s previous quarterly dividend of $1.10. This represents a $4.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, June 28th. Lennox International’s dividend payout ratio (DPR) is 26.65%.

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.