Lennox International Inc. (NYSE:LII) Shares Sold by Forsta AP Fonden

Forsta AP Fonden cut its stake in Lennox International Inc. (NYSE:LII) by 20.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 16,800 shares of the construction company’s stock after selling 4,400 shares during the quarter. Forsta AP Fonden’s holdings in Lennox International were worth $8,988,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Swedbank AB purchased a new stake in Lennox International during the 1st quarter worth $15,416,000. SG Americas Securities LLC grew its stake in Lennox International by 279.7% in the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after purchasing an additional 18,972 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Lennox International in the fourth quarter worth about $5,795,000. BNP Paribas Financial Markets increased its holdings in Lennox International by 87.6% in the fourth quarter. BNP Paribas Financial Markets now owns 18,075 shares of the construction company’s stock valued at $8,089,000 after buying an additional 8,441 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after buying an additional 6,041 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Trading Up 2.5 %

Shares of NYSE:LII opened at $591.23 on Friday. The company has a 50 day moving average of $564.42 and a 200-day moving average of $517.22. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The firm has a market cap of $21.07 billion, a P/E ratio of 34.25, a P/E/G ratio of 1.81 and a beta of 1.07. Lennox International Inc. has a twelve month low of $334.53 and a twelve month high of $594.65.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.15 earnings per share. As a group, analysts anticipate that Lennox International Inc. will post 20.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $583.47, for a total transaction of $291,735.00. Following the transaction, the director now directly owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sherry Buck sold 500 shares of the company’s stock in a transaction that occurred 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 owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock worth $7,563,793 over the last 90 days. 10.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays increased their price objective on shares of Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Stephens reiterated an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a research note on Thursday, July 25th. Robert W. Baird boosted 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, July 15th. KeyCorp increased their price objective on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada boosted their target price 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, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $543.62.

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.