GAMMA Investing LLC Buys 187 Shares of Lennox International Inc. (NYSE:LII)

GAMMA Investing LLC increased its position in shares of Lennox International Inc. (NYSE:LII) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 513 shares of the construction company’s stock after buying an additional 187 shares during the quarter. GAMMA Investing LLC’s holdings in Lennox International were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lennox International during the 3rd quarter worth approximately $27,000. First Horizon Advisors Inc. bought a new position in Lennox International in the third quarter worth $39,000. Huntington National Bank boosted its stake in Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after buying an additional 23 shares in the last quarter. UMB Bank n.a. increased its holdings in Lennox International by 388.9% in the 3rd quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after buying an additional 70 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Lennox International in the 3rd quarter valued at $77,000. 67.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LII. Mizuho lifted their target price on shares of Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays lifted their price objective on Lennox International from $624.00 to $674.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Royal Bank of Canada raised their target price on Lennox International from $604.00 to $619.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price target on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Morgan Stanley assumed coverage on Lennox International in a report on Monday. They set an “underweight” rating and a $595.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average target price of $590.50.

Lennox International Price Performance

LII opened at $609.46 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The stock has a market capitalization of $21.71 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. The company’s 50 day simple moving average is $633.97 and its 200-day simple moving average is $595.98. Lennox International Inc. has a one year low of $412.09 and a one year high of $682.50.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $5.37 EPS. Sell-side analysts anticipate that Lennox International Inc. will post 21.1 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $1.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $4.60 annualized dividend and a yield of 0.75%. Lennox International’s dividend payout ratio is currently 21.84%.

Insider Buying and Selling at Lennox International

In other news, Director Todd J. Teske sold 500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $675.52, for a total value of $337,760.00. Following the transaction, the director now owns 7,911 shares of the company’s stock, valued at $5,344,038.72. This represents a 5.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total value of $125,098.00. Following the completion of the transaction, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,106 shares of company stock worth $1,353,233. Company insiders own 10.40% of the company’s stock.

Lennox International 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.