Lennox International, Inc. $LII Stock: Brighton Jones LLC Decreases Stake

Brighton Jones LLC cut its holdings in Lennox International, Inc. (NYSE:LII) by 92.3% during the 3rd quarter, Holdings Channel reports. The fund owned 2,466 shares of the construction company’s stock after selling 29,721 shares during the period. Brighton Jones LLC’s holdings in Lennox International were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LII. BlackRock Inc. bought a new stake in shares of Lennox International during the 2nd quarter valued at $1,704,846,000. Beacon Pointe Advisors LLC bought a new position in Lennox International in the 2nd quarter worth $239,217,000. Bank of America Corp DE bought a new position in Lennox International in the 2nd quarter worth $196,075,000. Deutsche Bank AG purchased a new position in Lennox International during the second quarter valued at $159,181,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Lennox International by 3.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 240,782 shares of the construction company’s stock valued at $137,956,000 after purchasing an additional 7,397 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Analyst Ratings Changes

LII has been the subject of several recent research reports. The Goldman Sachs Group lowered Lennox International from a “buy” rating to a “neutral” rating and cut their price target for the company from $547.00 to $390.00 in a report on Wednesday, October 14th. Mizuho set a $350.00 price objective on Lennox International in a research report on Thursday, October 29th. Wells Fargo & Company cut their price objective on Lennox International from $424.00 to $355.00 and set an “equal weight” rating for the company in a research note on Thursday, October 29th. Morgan Stanley reduced their target price on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating for the company in a report on Thursday, October 15th. Finally, Oppenheimer lowered shares of Lennox International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $444.85.

Insider Activity at Lennox International

In other news, EVP Daniel Sessa sold 829 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $353.17, for a total value of $292,777.93. Following the completion of the transaction, the executive vice president owned 34,640 shares of the company’s stock, valued at $12,233,808.80. This represents a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.80% of the stock is owned by insiders.

Lennox International Stock Up 0.8%

LII opened at $350.59 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.21. Lennox International, Inc. has a fifty-two week low of $322.00 and a fifty-two week high of $587.27. The firm’s fifty day moving average is $361.68 and its 200 day moving average is $465.33. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 1.93 and a beta of 1.19.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a return on equity of 62.34% and a net margin of 13.77%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the company posted $6.98 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Lennox International, Inc. will post 21.39 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Lennox International’s payout ratio is presently 25.24%.

Lennox International Company Profile

Lennox International designs, manufactures and markets heating, ventilation, air conditioning and refrigeration equipment. Its products include residential furnaces, air conditioners and heat pumps, as well as commercial climate-control systems and refrigeration equipment. The company serves residential, commercial and refrigeration markets, with operations primarily focused on North America and a presence in other international markets. Its businesses also provide related parts and services, including equipment installation and maintenance through company-owned and independent distribution channels.