Plato Investment Management Ltd Sells 639 Shares of Lennox International Inc. (NYSE:LII)

Plato Investment Management Ltd reduced its holdings in shares of Lennox International Inc. (NYSE:LII) by 30.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,454 shares of the construction company’s stock after selling 639 shares during the quarter. Plato Investment Management Ltd’s holdings in Lennox International were worth $878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its stake in 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. L & S Advisors Inc boosted its stake in Lennox International by 0.8% in the 2nd quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock valued at $2,854,000 after purchasing an additional 40 shares during the period. Argent Trust Co boosted its stake in Lennox International by 6.6% in the 2nd quarter. Argent Trust Co now owns 665 shares of the construction company’s stock valued at $356,000 after purchasing an additional 41 shares during the period. Innealta Capital LLC bought a new stake in Lennox International in the 2nd quarter valued at $33,000. Finally, Toronto Dominion Bank lifted its position in shares of Lennox International by 2.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock valued at $1,669,000 after acquiring an additional 66 shares during the period. 67.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Chris Kosel sold 200 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now owns 2,035 shares in the company, valued at approximately $1,247,393.95. The trade was a 13.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,414 shares of company stock valued at $7,248,206. Company insiders own 10.40% of the company’s stock.

Lennox International Price Performance

Shares of LII opened at $617.26 on Friday. Lennox International Inc. has a 12-month low of $397.34 and a 12-month high of $653.83. The business has a 50-day simple moving average of $603.28 and a two-hundred day simple moving average of $557.96. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The stock has a market cap of $21.99 billion, a PE ratio of 29.31, a PEG ratio of 1.90 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 148.52% and a net margin of 14.63%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.37 earnings per share. Analysts anticipate that Lennox International Inc. will post 21.1 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $4.60 annualized dividend and a dividend yield of 0.75%. Lennox International’s payout ratio is 21.84%.

Analyst Upgrades and Downgrades

LII has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their target price 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. Stephens reiterated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $583.92.

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.