Lennox International, Inc. $LII Stock Position Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its holdings in Lennox International, Inc. (NYSE:LII) by 250.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,421 shares of the construction company’s stock after buying an additional 48,902 shares during the period. Pictet Asset Management Holding SA owned approximately 0.20% of Lennox International worth $24,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LII. Beacon Pointe Advisors LLC acquired a new stake in Lennox International in the 2nd quarter valued at about $239,217,000. Jefferies Financial Group Inc. acquired a new position in shares of Lennox International during the 2nd quarter worth approximately $3,644,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Lennox International during the 2nd quarter worth approximately $10,596,000. Capstone Investment Advisors LLC purchased a new stake in shares of Lennox International in the second quarter valued at approximately $2,991,000. Finally, Legal & General Group Plc purchased a new stake in shares of Lennox International in the second quarter valued at approximately $54,927,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on LII shares. Weiss Ratings cut Lennox International from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. William Blair restated an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Deutsche Bank cut Lennox International from a “buy” rating to a “hold” rating and dropped their target price for the company from $609.00 to $444.00 in a report on Monday, September 14th. Zacks Research downgraded Lennox International from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Finally, Wells Fargo & Company reduced their price target on Lennox International from $424.00 to $355.00 and set an “equal weight” rating on the stock in a report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $444.85.

Lennox International Stock Performance

Lennox International stock opened at $350.59 on Thursday. The firm has a 50 day simple moving average of $361.68 and a 200-day simple moving average of $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. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 0.57. Lennox International, Inc. has a 1-year low of $322.00 and a 1-year high of $587.27.

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

Lennox International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 annualized dividend and a yield of 1.6%. Lennox International’s dividend payout ratio (DPR) is 25.24%.

Insider Transactions at Lennox International

In other Lennox International news, EVP Daniel Sessa sold 829 shares of Lennox International stock in a transaction on Monday, November 9th. The stock was sold at an average price of $353.17, for a total value of $292,777.93. Following the sale, the executive vice president owned 34,640 shares in the company, valued at $12,233,808.80. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.80% of the stock is currently owned by company insiders.

About Lennox International

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.