Resources Management Corp CT ADV Takes Position in Lennox International Inc. (NYSE:LII)

Resources Management Corp CT ADV bought a new position in shares of Lennox International Inc. (NYSE:LII) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 550 shares of the construction company’s stock, valued at approximately $134,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Endurance Wealth Management Inc. purchased a new stake in Lennox International in the third quarter valued at approximately $65,000. Harvest Fund Management Co. Ltd purchased a new position in Lennox International during the 2nd quarter worth approximately $82,000. Meeder Asset Management Inc. purchased a new position in Lennox International during the 2nd quarter worth approximately $98,000. Private Capital Group LLC lifted its stake in Lennox International by 5.8% during the 2nd quarter. Private Capital Group LLC now owns 846 shares of the construction company’s stock valued at $170,000 after acquiring an additional 46 shares during the period. Finally, AGF Investments LLC acquired a new stake in Lennox International during the 2nd quarter valued at approximately $320,000. 68.01% of the stock is owned by hedge funds and other institutional investors.

LII stock opened at $262.83 on Friday. The firm has a market cap of $10.13 billion, a PE ratio of 27.90, a P/E/G ratio of 1.13 and a beta of 0.86. The firm’s fifty day moving average is $251.02 and its 200 day moving average is $258.19. Lennox International Inc. has a one year low of $203.63 and a one year high of $298.49.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $3.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.07). Lennox International had a negative return on equity of 199.10% and a net margin of 9.83%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company posted $2.72 EPS. The company’s revenue was up .3% on a year-over-year basis. Research analysts predict that Lennox International Inc. will post 11.27 EPS for the current year.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Lennox International from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Wells Fargo & Co decreased their target price on shares of Lennox International from $265.00 to $255.00 and set a “market perform” rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price target on shares of Lennox International from $225.00 to $200.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Cowen reaffirmed a “hold” rating and issued a $225.00 price target on shares of Lennox International in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their target price on Lennox International from $207.00 to $211.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $245.27.

In other Lennox International news, Director Janet Katherine Cooper sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $257.84, for a total value of $193,380.00. Following the sale, the director now directly owns 15,041 shares of the company’s stock, valued at $3,878,171.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Todd M. Bluedorn sold 8,095 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $248.06, for a total value of $2,008,045.70. Following the completion of the sale, the chief executive officer now owns 110,588 shares of the company’s stock, valued at $27,432,459.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,491 shares of company stock valued at $3,617,814. 3.40% of the stock is owned by company insiders.

Lennox International Company Profile

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.

Further Reading: FTSE 100 Index

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

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