Rhumbline Advisers Sells 3,535 Shares of Lennox International Inc. (LII)

Rhumbline Advisers decreased its position in shares of Lennox International Inc. (NYSE:LII) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,030 shares of the construction company’s stock after selling 3,535 shares during the quarter. Rhumbline Advisers’ holdings in Lennox International were worth $16,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new position in shares of Lennox International during the 3rd quarter valued at about $113,000. Advisors Preferred LLC boosted its position in shares of Lennox International by 354.7% during the 2nd quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock valued at $126,000 after acquiring an additional 493 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of Lennox International during the 3rd quarter valued at about $134,000. Advisor Partners LLC acquired a new position in shares of Lennox International during the 3rd quarter valued at about $214,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Lennox International by 583.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock valued at $319,000 after acquiring an additional 1,359 shares during the last quarter. 67.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE LII opened at $211.88 on Friday. Lennox International Inc. has a 12 month low of $177.36 and a 12 month high of $229.98. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.23 and a beta of 1.10.

Lennox International (NYSE:LII) last posted its earnings results on Monday, October 22nd. The construction company reported $2.72 EPS for the quarter, missing the Zacks’ consensus estimate of $2.92 by ($0.20). Lennox International had a net margin of 8.31% and a negative return on equity of 474.74%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $2.53 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts forecast that Lennox International Inc. will post 8.96 EPS for the current fiscal year.

Several brokerages have recently weighed in on LII. Stephens began coverage on shares of Lennox International in a research report on Monday, November 19th. They set an “equal weight” rating and a $229.00 price target on the stock. ValuEngine raised shares of Lennox International from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Morgan Stanley reissued an “underweight” rating on shares of Lennox International in a research report on Wednesday, October 24th. Barclays lowered their price target on shares of Lennox International from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Finally, Credit Suisse Group lowered their price target on shares of Lennox International from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $221.67.

In other Lennox International news, Director Paul W. Schmidt sold 500 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $212.06, for a total transaction of $106,030.00. Following the sale, the director now directly owns 2,145 shares in the company, valued at $454,868.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Norris III sold 1,400 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $215.84, for a total transaction of $302,176.00. The disclosure for this sale can be found here. Insiders sold 23,773 shares of company stock worth $4,939,041 in the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

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About Lennox International

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in 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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