Eagle Asset Management Inc. Has $9.26 Million Stake in Lennox International Inc. (NYSE:LII)

Eagle Asset Management Inc. boosted its position in shares of Lennox International Inc. (NYSE:LII) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,673 shares of the construction company’s stock after purchasing an additional 1,047 shares during the period. Eagle Asset Management Inc.’s holdings in Lennox International were worth $9,258,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LII. Innealta Capital LLC acquired a new position in Lennox International during the second quarter valued at $33,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Lennox International by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock valued at $36,000 after purchasing an additional 19 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of Lennox International in the third quarter worth approximately $39,000. Huntington National Bank lifted its position in shares of Lennox International by 47.9% in the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after purchasing an additional 23 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Lennox International by 388.9% during the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock worth $53,000 after purchasing an additional 70 shares during the period. 67.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on LII. Robert W. Baird upped their price objective on shares of Lennox International from $648.00 to $656.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Northcoast Research initiated coverage on Lennox International in a research note on Friday. They issued a “sell” rating and a $475.00 target price on the stock. Wells Fargo & Company raised their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Mizuho boosted their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays raised their price objective on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Two 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $575.54.

Lennox International Price Performance

NYSE LII opened at $657.69 on Friday. The company has a market cap of $23.43 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.00 and a beta of 1.07. Lennox International Inc. has a 1 year low of $397.34 and a 1 year high of $658.69. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $611.00 and a 200 day simple moving average of $565.63.

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

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.70%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio is currently 21.84%.

Insider Transactions at Lennox International

In other news, EVP Prakash Bedapudi sold 5,374 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the completion of the transaction, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. This represents a 24.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following 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. Insiders sold a total of 6,480 shares of company stock worth $3,823,519 over the last three months. 10.40% of the stock is currently owned by insiders.

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.