Geode Capital Management LLC Increases Stake in Lennox International, Inc. (LII)

Geode Capital Management LLC boosted its stake in Lennox International, Inc. (NYSE:LII) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 288,838 shares of the construction company’s stock after buying an additional 23,973 shares during the period. Geode Capital Management LLC’s holdings in Lennox International were worth $48,322,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of LII. LMR Partners LLP bought a new position in Lennox International during the first quarter valued at approximately $519,000. American International Group Inc. raised its position in Lennox International by 3.5% in the first quarter. American International Group Inc. now owns 77,221 shares of the construction company’s stock valued at $12,919,000 after buying an additional 2,644 shares during the last quarter. Teachers Advisors LLC raised its position in Lennox International by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 266,740 shares of the construction company’s stock valued at $40,857,000 after buying an additional 3,625 shares during the last quarter. World Asset Management Inc raised its position in Lennox International by 14.1% in the first quarter. World Asset Management Inc now owns 2,723 shares of the construction company’s stock valued at $456,000 after buying an additional 336 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Lennox International by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 107,774 shares of the construction company’s stock valued at $18,032,000 after buying an additional 4,861 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.

Lennox International, Inc. (LII) opened at 186.56 on Tuesday. Lennox International, Inc. has a 12 month low of $134.56 and a 12 month high of $191.79. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 27.48 and a beta of 1.18. The company’s 50-day moving average price is $175.80 and its 200 day moving average price is $165.33.

Lennox International (NYSE:LII) last posted its earnings results on Monday, April 24th. The construction company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.13. Lennox International had a return on equity of 1,371.49% and a net margin of 7.97%. The business had revenue of $793.40 million for the quarter, compared to analysts’ expectations of $746.37 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Analysts predict that Lennox International, Inc. will post $7.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Lennox International’s previous quarterly dividend of $0.43. Lennox International’s payout ratio is 25.41%.

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Several research analysts have recently commented on the company. Cowen and Company reissued a “buy” rating on shares of Lennox International in a research report on Tuesday. TheStreet lowered Lennox International from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Stifel Nicolaus boosted their price target on Lennox International from $171.00 to $180.00 and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. Finally, BidaskClub raised Lennox International from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Lennox International presently has an average rating of “Hold” and a consensus target price of $167.20.

In other news, Director Max H. Mitchell bought 600 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were acquired at an average price of $168.30 per share, for a total transaction of $100,980.00. Following the completion of the transaction, the director now owns 739 shares of the company’s stock, valued at $124,373.70. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Norris III sold 1,000 shares of Lennox International stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $167.66, for a total value of $167,660.00. Following the sale, the director now owns 50,001 shares in the company, valued at approximately $8,383,167.66. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Lennox International Company Profile

Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.

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Institutional Ownership by Quarter for Lennox International (NYSE:LII)

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