Lennox International Inc. (NYSE:LII) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in shares of Lennox International Inc. (NYSE:LII) by 1.0% in the 2nd quarter, Holdings Channel reports. The fund owned 36,347 shares of the construction company’s stock after selling 365 shares during the period. New York State Teachers Retirement System’s holdings in Lennox International were worth $19,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LII. Massmutual Trust Co. FSB ADV increased its holdings in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Lennox International in the first quarter worth $41,000. Bessemer Group Inc. raised its stake in shares of Lennox International by 403.3% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after purchasing an additional 121 shares in the last quarter. GAMMA Investing LLC acquired a new position in Lennox International in the fourth quarter valued at approximately $80,000. Finally, V Square Quantitative Management LLC raised its position in shares of Lennox International by 66.0% during the 4th quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after buying an additional 140 shares in the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lennox International

In related news, EVP Prakash Bedapudi sold 3,434 shares of Lennox International stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now directly owns 21,536 shares of the company’s stock, valued at approximately $12,447,808. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Prakash Bedapudi sold 3,434 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $578.00, for a total transaction of $1,984,852.00. Following the sale, the executive vice president now owns 21,536 shares in the company, valued at approximately $12,447,808. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now owns 8,411 shares of the company’s stock, valued at $4,828,334.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,178 shares of company stock valued at $4,133,642. 10.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LII. TD Cowen lifted their target price on Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, June 21st. UBS Group lifted their price objective on Lennox International from $450.00 to $485.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Robert W. Baird raised their target price on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a report on Monday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Company lowered Lennox International from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $550.00 to $570.00 in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Lennox International presently has a consensus rating of “Hold” and a consensus price target of $543.62.

Lennox International Stock Performance

Lennox International stock traded up $9.78 during mid-day trading on Friday, hitting $583.72. 76,929 shares of the company’s stock traded hands, compared to its average volume of 282,854. The stock has a market cap of $20.79 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $554.59 and a two-hundred day simple moving average of $503.30. Lennox International Inc. has a fifty-two week low of $334.53 and a fifty-two week high of $594.65.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $6.15 EPS. On average, research analysts expect that Lennox International Inc. will post 20.27 EPS for the current fiscal year.

Lennox International Company Profile

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.