Comerica Bank Sells 178 Shares of Lennox International Inc. (NYSE:LII)

Comerica Bank lessened its stake in shares of Lennox International Inc. (NYSE:LII) by 1.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 16,627 shares of the construction company’s stock after selling 178 shares during the period. Comerica Bank’s holdings in Lennox International were worth $8,127,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LII. Tobam boosted its stake in shares of Lennox International by 1,640.0% in the fourth quarter. Tobam now owns 87 shares of the construction company’s stock worth $39,000 after acquiring an additional 82 shares during the period. Rise Advisors LLC bought a new position in shares of Lennox International in the first quarter worth about $41,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Lennox International in the fourth quarter worth about $42,000. Bessemer Group Inc. boosted its stake in shares of Lennox International by 403.3% in the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after acquiring an additional 121 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of Lennox International in the fourth quarter worth about $80,000. Institutional investors own 67.07% of the company’s stock.

Insider Transactions at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total value of $1,000,689.76. Following the transaction, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at $944,458.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.40% of the company’s stock.

Analysts Set New Price Targets

LII has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. Barclays boosted their target price on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Wells Fargo & Company downgraded Lennox International from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $550.00 to $570.00 in a research report on Wednesday, July 10th. Finally, Robert W. Baird boosted their target price on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International has an average rating of “Hold” and an average target price of $543.62.

Lennox International Trading Down 4.6 %

LII stock traded down $26.22 during midday trading on Friday, reaching $538.64. 82,549 shares of the company traded hands, compared to its average volume of 290,256. Lennox International Inc. has a 52-week low of $334.53 and a 52-week high of $594.65. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The business has a 50 day moving average of $536.59 and a 200-day moving average of $490.13. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 31.10, a P/E/G ratio of 1.87 and a beta of 1.07.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business posted $6.15 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Lennox International Inc. will post 20.19 earnings per share for the current fiscal year.

Lennox International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 0.85%. This is an increase from Lennox International’s previous quarterly dividend of $1.10. The ex-dividend date was Friday, June 28th. Lennox International’s dividend payout ratio is presently 26.65%.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.