Lord Abbett & CO. LLC Decreases Holdings in Lennox International Inc. (NYSE:LII)

Lord Abbett & CO. LLC lowered its holdings in Lennox International Inc. (NYSE:LII) by 1.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,396 shares of the construction company’s stock after selling 153 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Lennox International were worth $6,886,000 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. Geode Capital Management LLC boosted its stake in Lennox International by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock worth $345,645,000 after purchasing an additional 12,183 shares during the period. Rhumbline Advisers boosted its stake in shares of Lennox International by 3.1% during the second quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock worth $53,060,000 after buying an additional 2,958 shares during the period. Achmea Investment Management B.V. grew its holdings in shares of Lennox International by 7.3% during the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock worth $44,570,000 after buying an additional 5,673 shares during the last quarter. New York State Common Retirement Fund increased its position in Lennox International by 3.8% in the 3rd quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock valued at $33,304,000 after acquiring an additional 2,013 shares during the period. Finally, National Pension Service raised its stake in Lennox International by 2.3% during the 3rd quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after acquiring an additional 1,140 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Activity

In other news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the sale, the director now owns 1,693 shares in the company, valued at $1,118,632.82. This trade represents a 22.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shane D. Wall sold 325 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total transaction of $199,215.25. Following the transaction, the director now directly owns 2,035 shares in the company, valued at approximately $1,247,393.95. The trade was a 13.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,106 shares of company stock valued at $1,353,233. Company insiders own 10.40% of the company’s stock.

Lennox International Price Performance

Shares of Lennox International stock opened at $668.03 on Tuesday. The business’s fifty day moving average price is $628.79 and its 200 day moving average price is $585.00. Lennox International Inc. has a twelve month low of $412.09 and a twelve month high of $682.50. 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 stock has a market capitalization of $23.80 billion, a P/E ratio of 31.72, a PEG ratio of 2.02 and a beta of 1.08.

Lennox International (NYSE:LII) last released its quarterly earnings data 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 business 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 company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.37 EPS. As a group, research analysts anticipate that Lennox International Inc. will post 21.1 earnings per share for the current year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, December 31st. Lennox International’s payout ratio is currently 21.84%.

Wall Street Analyst Weigh In

LII has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Barclays raised their target price on shares of Lennox International from $624.00 to $674.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Northcoast Research assumed coverage on shares of Lennox International in a research note on Friday, November 22nd. They set a “sell” rating and a $475.00 price target on the stock. Royal Bank of Canada raised their price objective on shares of Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, KeyCorp downgraded Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Lennox International presently has a consensus rating of “Hold” and an average price target of $579.38.

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.