Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its holdings in shares of Lennox International (NYSE:LII) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,403 shares of the construction company’s stock after selling 629 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Lennox International were worth $900,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Partners LLC acquired a new position in Lennox International during the fourth quarter worth approximately $216,000. We Are One Seven LLC acquired a new position in shares of Lennox International in the fourth quarter valued at approximately $409,000. Toronto Dominion Bank grew its position in shares of Lennox International by 37.9% in the fourth quarter. Toronto Dominion Bank now owns 2,237 shares of the construction company’s stock valued at $466,000 after purchasing an additional 615 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Lennox International in the fourth quarter valued at approximately $577,000. Finally, Price Capital Management Inc. acquired a new position in shares of Lennox International in the fourth quarter valued at approximately $638,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of LII stock opened at $202.60 on Tuesday. The company has a debt-to-equity ratio of -12.26, a current ratio of 1.89 and a quick ratio of 1.10. The company has a market capitalization of $8.44 billion, a P/E ratio of 25.04, a P/E/G ratio of 1.04 and a beta of 1.19. Lennox International has a 1 year low of $201.44 and a 1 year high of $205.63.
Lennox International (NYSE:LII) last issued its quarterly earnings results on Monday, April 23rd. The construction company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The business had revenue of $834.80 million during the quarter, compared to analysts’ expectations of $805.54 million. Lennox International had a negative return on equity of 14,731.92% and a net margin of 7.73%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. analysts predict that Lennox International will post 10.12 earnings per share for the current year.
Lennox International announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 6th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
LII has been the topic of several research reports. Stifel Nicolaus upped their target price on Lennox International from $206.00 to $218.00 and gave the company a “hold” rating in a research report on Wednesday, March 21st. Barclays initiated coverage on Lennox International in a research report on Thursday, February 15th. They issued an “overweight” rating and a $233.00 target price on the stock. UBS reaffirmed a “neutral” rating and issued a $215.00 target price (down previously from $230.00) on shares of Lennox International in a research report on Wednesday, February 7th. Robert W. Baird decreased their target price on Lennox International from $232.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, TheStreet downgraded Lennox International from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $206.88.
In related news, EVP Daniel M. Sessa sold 6,150 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $206.15, for a total value of $1,267,822.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John E. Major sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 2,145 shares of the company’s stock, valued at $429,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,564 shares of company stock valued at $9,878,304. 3.90% of the stock is currently owned by corporate insiders.
Lennox International Company Profile
Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.
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