Janus Capital Management LLC reduced its stake in shares of Lennox International, Inc. (NYSE:LII) by 18.9% during the first quarter, Holdings Channel reports. The firm owned 94,800 shares of the construction company’s stock after selling 22,100 shares during the period. Janus Capital Management LLC’s holdings in Lennox International were worth $15,860,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC raised its position in shares of Lennox International by 19.5% in the first quarter. YorkBridge Wealth Partners LLC now owns 620 shares of the construction company’s stock valued at $103,000 after buying an additional 101 shares during the period. Genesee Valley Trust Co. raised its position in shares of Lennox International by 1.1% in the first quarter. Genesee Valley Trust Co. now owns 2,250 shares of the construction company’s stock valued at $376,000 after buying an additional 24 shares during the period. Argent Capital Management LLC raised its position in shares of Lennox International by 2.4% in the first quarter. Argent Capital Management LLC now owns 2,607 shares of the construction company’s stock valued at $436,000 after buying an additional 60 shares during the period. World Asset Management Inc raised its position in shares of 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 period. Finally, Americafirst Capital Management LLC purchased a new position in shares of Lennox International during the first quarter valued at about $487,000. 68.53% of the stock is owned by institutional investors.
Lennox International, Inc. (LII) opened at 186.22 on Monday. The firm has a market capitalization of $7.95 billion, a P/E ratio of 27.43 and a beta of 1.16. The stock’s 50 day moving average is $179.71 and its 200-day moving average is $166.79. Lennox International, Inc. has a 1-year low of $140.97 and a 1-year high of $192.58.
Lennox International (NYSE:LII) last issued its quarterly earnings data on Monday, April 24th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.13. The firm had revenue of $793.40 million during the quarter, compared to analysts’ expectations of $746.37 million. Lennox International had a net margin of 7.97% and a return on equity of 1,371.49%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Analysts forecast that Lennox International, Inc. will post $7.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.51 per share. This is a boost from Lennox International’s previous quarterly dividend of $0.43. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, June 28th. Lennox International’s dividend payout ratio (DPR) is currently 30.13%.
Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Lennox International from $171.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, March 22nd. Cowen and Company boosted their price target on shares of Lennox International from $172.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, June 27th. TheStreet raised shares of Lennox International from a “c+” rating to a “b-” rating in a report on Wednesday, May 17th. BidaskClub raised shares of Lennox International from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $190.00 target price (up from $162.50) on shares of Lennox International in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $175.14.
In related news, Director John W. Norris III sold 1,000 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $167.66, for a total value of $167,660.00. Following the completion of the transaction, the director now directly owns 50,001 shares in the company, valued at approximately $8,383,167.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Max H. Mitchell purchased 600 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average price of $168.30 per share, with a total value of $100,980.00. Following the completion of the purchase, the director now owns 739 shares in the company, valued at $124,373.70. The disclosure for this purchase can be found here. 3.90% of the stock is owned by company 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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