Lennox International Inc. (NYSE:LII) Shares Acquired by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB lifted its holdings in Lennox International Inc. (NYSE:LII) by 26.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,400 shares of the construction company’s stock after purchasing an additional 1,331 shares during the period. Xact Kapitalforvaltning AB’s holdings in Lennox International were worth $1,692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC acquired a new position in Lennox International during the 4th quarter valued at approximately $25,000. Icon Wealth Partners LLC acquired a new stake in shares of Lennox International in the first quarter worth $38,000. Huntington National Bank increased its stake in shares of Lennox International by 196.6% in the first quarter. Huntington National Bank now owns 439 shares of the construction company’s stock worth $116,000 after acquiring an additional 291 shares during the period. Gofen & Glossberg LLC IL acquired a new stake in shares of Lennox International in the first quarter worth $219,000. Finally, Cohen Lawrence B acquired a new stake in shares of Lennox International in the first quarter worth $235,000. 71.92% of the stock is owned by hedge funds and other institutional investors.

In other Lennox International news, EVP Prakash Bedapudi sold 2,995 shares of Lennox International stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $277.00, for a total transaction of $829,615.00. Following the completion of the sale, the executive vice president now directly owns 15,114 shares in the company, valued at $4,186,578. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Todd M. Bluedorn sold 25,181 shares of Lennox International stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $271.15, for a total transaction of $6,827,828.15. Following the sale, the chairman now owns 97,241 shares of the company’s stock, valued at $26,366,897.15. The disclosure for this sale can be found here. Insiders have sold 34,766 shares of company stock worth $9,467,914 over the last ninety days. 3.40% of the stock is owned by insiders.

LII has been the topic of a number of research reports. Goldman Sachs Group initiated coverage on shares of Lennox International in a research note on Tuesday, March 5th. They issued a “neutral” rating and a $236.00 price objective on the stock. Credit Suisse Group lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $253.00 to $255.00 in a research note on Wednesday, March 6th. Deutsche Bank initiated coverage on shares of Lennox International in a research note on Wednesday, March 13th. They issued a “hold” rating and a $256.00 price objective on the stock. Barclays increased their price objective on shares of Lennox International from $258.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Cowen lowered shares of Lennox International from an “outperform” rating to a “market perform” rating and set a $276.36 price target on the stock. in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Lennox International presently has a consensus rating of “Hold” and an average price target of $254.82.

LII traded up $8.11 during midday trading on Monday, hitting $283.11. 344,800 shares of the company traded hands, compared to its average volume of 315,606. The stock has a market cap of $10.79 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. Lennox International Inc. has a 52-week low of $177.36 and a 52-week high of $287.42. The stock’s 50 day moving average price is $274.04.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.29. The business had revenue of $790.30 million for the quarter, compared to the consensus estimate of $748.63 million. Lennox International had a net margin of 10.17% and a negative return on equity of 261.35%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. As a group, research analysts anticipate that Lennox International Inc. will post 12.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, June 27th. This is an increase from Lennox International’s previous quarterly dividend of $0.64. This represents a $3.08 dividend on an annualized basis and a yield of 1.09%. Lennox International’s payout ratio is 32.70%.

About Lennox International

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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

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