HFR Wealth Management LLC Sells 22,335 Shares of Lennox International, Inc. $LII

HFR Wealth Management LLC trimmed its stake in shares of Lennox International, Inc. (NYSE:LII) by 86.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,490 shares of the construction company’s stock after selling 22,335 shares during the period. HFR Wealth Management LLC’s holdings in Lennox International were worth $1,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LII. BlackRock Inc. purchased a new stake in Lennox International in the 2nd quarter worth $1,704,846,000. Beacon Pointe Advisors LLC purchased a new position in shares of Lennox International during the second quarter valued at about $239,217,000. Bank of America Corp DE purchased a new position in shares of Lennox International during the second quarter valued at about $196,075,000. Deutsche Bank AG bought a new stake in shares of Lennox International in the second quarter worth about $159,181,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Lennox International by 3.2% in 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 worth $137,956,000 after purchasing an additional 7,397 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

Lennox International Trading Up 1.3%

LII traded up $4.36 on Friday, hitting $352.44. The company had a trading volume of 600,126 shares, compared to its average volume of 749,475. The business’s fifty day simple moving average is $360.50 and its 200 day simple moving average is $463.78. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. Lennox International, Inc. has a 12-month low of $322.00 and a 12-month high of $587.27. The company has a market cap of $12.06 billion, a PE ratio of 16.35, a PEG ratio of 1.94 and a beta of 1.19.

Lennox International (NYSE:LII) last issued its quarterly earnings data on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.45). The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $6.98 earnings per share. Equities research analysts expect that Lennox International, Inc. will post 21.39 EPS for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, September 30th. Lennox International’s dividend payout ratio is presently 25.24%.

Insiders Place Their Bets

In related news, EVP Daniel Sessa sold 829 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $353.17, for a total transaction of $292,777.93. Following the sale, the executive vice president owned 34,640 shares in the company, valued at approximately $12,233,808.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank Of Canada decreased their target price on Lennox International from $406.00 to $378.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 29th. The Goldman Sachs Group cut 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. BNP Paribas Exane cut their price target on Lennox International from $450.00 to $350.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Zacks Research downgraded Lennox International from a “hold” rating to a “strong sell” rating in a research note on Friday, October 30th. Finally, Morgan Stanley decreased their price objective on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a report on Thursday, October 15th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $444.85.

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.