L & S Advisors Inc Grows Stake in Lennox International Inc. (NYSE:LII)

L & S Advisors Inc boosted its holdings in Lennox International Inc. (NYSE:LII) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,335 shares of the construction company’s stock after purchasing an additional 40 shares during the quarter. L & S Advisors Inc’s holdings in Lennox International were worth $2,854,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LII. Innealta Capital LLC purchased a new position in shares of Lennox International in the second quarter worth $33,000. Massmutual Trust Co. FSB ADV increased its holdings 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 acquiring an additional 19 shares during the last quarter. Rise Advisors LLC purchased a new stake in Lennox International in the 1st quarter worth $41,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Lennox International during the 2nd quarter valued at about $65,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Lennox International by 403.3% during the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after purchasing an additional 121 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Lennox International Stock Performance

Shares of Lennox International stock opened at $603.50 on Tuesday. Lennox International Inc. has a 12 month low of $334.53 and a 12 month high of $606.16. The stock’s fifty day moving average price is $565.64 and its 200-day moving average price is $518.82. The firm has a market cap of $21.50 billion, a P/E ratio of 34.97, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.15 EPS. On average, equities research analysts expect that Lennox International Inc. will post 20.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the completion of the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Lennox International news, CAO Chris Kosel sold 1,744 shares of Lennox International stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares in the company, valued at $944,458.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd J. Teske sold 2,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the sale, the director now directly owns 8,411 shares of the company’s stock, valued at $4,828,334.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,052 shares of company stock valued at $7,563,793. 10.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LII has been the topic of a number of research analyst reports. Barclays boosted their target price on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. KeyCorp boosted their price target on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. The Goldman Sachs Group increased their price objective on shares of Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, Stephens restated an “overweight” rating and set a $675.00 target price on shares of Lennox International in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $543.62.

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.