Allianz Asset Management GmbH grew its position in Lennox International Inc. (NYSE:LII) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,555 shares of the construction company’s stock after acquiring an additional 871 shares during the period. Allianz Asset Management GmbH’s holdings in Lennox International were worth $1,135,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Amalgamated Bank grew its holdings in Lennox International by 6.0% in the first quarter. Amalgamated Bank now owns 8,506 shares of the construction company’s stock valued at $1,738,000 after purchasing an additional 479 shares during the period. Principal Financial Group Inc. grew its stake in Lennox International by 2.6% during the first quarter. Principal Financial Group Inc. now owns 164,222 shares of the construction company’s stock worth $33,562,000 after buying an additional 4,147 shares during the period. WINTON GROUP Ltd grew its stake in Lennox International by 8.7% during the first quarter. WINTON GROUP Ltd now owns 30,531 shares of the construction company’s stock worth $6,240,000 after buying an additional 2,445 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of Lennox International during the first quarter worth $981,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Lennox International during the first quarter worth $3,089,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:LII traded up $1.39 on Friday, reaching $222.66. 181,100 shares of the company’s stock were exchanged, compared to its average volume of 326,047. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of -7.32, a quick ratio of 1.14 and a current ratio of 1.86. Lennox International Inc. has a fifty-two week low of $160.18 and a fifty-two week high of $224.59.
Lennox International (NYSE:LII) last released its quarterly earnings results on Monday, July 23rd. The construction company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.56 by $0.11. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. Lennox International had a net margin of 8.15% and a negative return on equity of 750.65%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.83 earnings per share. sell-side analysts expect that Lennox International Inc. will post 10.2 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Lennox International from $233.00 to $239.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. TheStreet cut shares of Lennox International from a “b” rating to a “c+” rating in a research report on Monday, April 23rd. Wells Fargo & Co upped their price target on shares of Lennox International from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Monday, July 9th. Seaport Global Securities cut shares of Lennox International from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. They noted that the move was a valuation call. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $210.00 price target (down from $218.00) on shares of Lennox International in a report on Tuesday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Lennox International has an average rating of “Hold” and a consensus price target of $210.13.
In other news, Chairman Todd M. Bluedorn sold 8,435 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $216.64, for a total transaction of $1,827,358.40. Following the completion of the transaction, the chairman now owns 139,228 shares in the company, valued at approximately $30,162,353.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Todd M. Bluedorn sold 48,340 shares of the firm’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $204.71, for a total transaction of $9,895,681.40. Following the transaction, the chief executive officer now owns 125,320 shares of the company’s stock, valued at approximately $25,654,257.20. The disclosure for this sale can be found here. Insiders sold a total of 62,836 shares of company stock valued at $12,989,876 in the last quarter. 3.90% of the stock is currently owned by insiders.
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.
Further Reading: Earnings Per Share (EPS) Explained
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