CFO4Life Group LLC acquired a new stake in shares of Lennox International, Inc. (NYSE:LII – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 3,614 shares of the construction company’s stock, valued at approximately $2,071,000.
Several other institutional investors have also made changes to their positions in LII. Root Financial Partners LLC raised its holdings in shares of Lennox International by 137.9% during the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Lennox International in the 2nd quarter worth approximately $37,000. Huntington National Bank grew its position in Lennox International by 51.8% during the 4th quarter. Huntington National Bank now owns 85 shares of the construction company’s stock worth $41,000 after purchasing an additional 29 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Lennox International during the 2nd quarter worth approximately $50,000. Finally, MUFG Securities EMEA plc acquired a new stake in Lennox International during the 2nd quarter valued at $54,000. 67.07% of the stock is owned by hedge funds and other institutional investors.
Lennox International Stock Performance
LII stock opened at $402.99 on Friday. The firm has a 50 day moving average of $503.21 and a two-hundred day moving average of $506.11. Lennox International, Inc. has a 12 month low of $402.44 and a 12 month high of $597.81. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.58 and a beta of 1.19. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on LII. Royal Bank Of Canada decreased their price objective on Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company increased their price target on shares of Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Barclays decreased their price target on shares of Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group dropped their price objective on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Vertical Research raised shares of Lennox International from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and an average target price of $546.58.
Read Our Latest Analysis on Lennox International
About Lennox International
Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
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