Fred Alger Management Inc. boosted its position in shares of Lennox International Inc. (NYSE:LII) by 64.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,182 shares of the construction company’s stock after buying an additional 73,865 shares during the quarter. Fred Alger Management Inc.’s holdings in Lennox International were worth $39,399,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in LII. Canada Pension Plan Investment Board bought a new position in Lennox International during the third quarter valued at about $3,830,000. New York State Common Retirement Fund boosted its stake in Lennox International by 49.3% during the third quarter. New York State Common Retirement Fund now owns 133,200 shares of the construction company’s stock valued at $23,839,000 after buying an additional 44,000 shares in the last quarter. Toronto Dominion Bank boosted its stake in Lennox International by 240.8% during the third quarter. Toronto Dominion Bank now owns 1,622 shares of the construction company’s stock valued at $290,000 after buying an additional 1,146 shares in the last quarter. Rhumbline Advisers boosted its stake in Lennox International by 11.7% during the third quarter. Rhumbline Advisers now owns 89,196 shares of the construction company’s stock valued at $15,963,000 after buying an additional 9,330 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Lennox International by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 697,173 shares of the construction company’s stock valued at $124,773,000 after buying an additional 3,546 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Terry L. Johnston sold 1,511 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $203.77, for a total transaction of $307,896.47. Following the completion of the sale, the executive vice president now directly owns 23,753 shares of the company’s stock, valued at $4,840,148.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Todd M. Bluedorn sold 8,313 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $202.94, for a total value of $1,687,040.22. Following the sale, the chairman now directly owns 181,973 shares of the company’s stock, valued at $36,929,600.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,320 shares of company stock valued at $6,026,436. 3.90% of the stock is currently owned by company insiders.
Shares of Lennox International Inc. (LII) opened at $209.51 on Friday. Lennox International Inc. has a fifty-two week low of $160.18 and a fifty-two week high of $223.05. The company has a market capitalization of $8,482.83, a price-to-earnings ratio of 25.95, a PEG ratio of 1.02 and a beta of 1.20. The company has a current ratio of 1.74, a quick ratio of 1.00 and a debt-to-equity ratio of 19.37.
Lennox International (NYSE:LII) last announced its earnings results on Tuesday, February 6th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.65 by $0.03. Lennox International had a return on equity of 1,465.51% and a net margin of 7.96%. The business had revenue of $891.80 million during the quarter, compared to the consensus estimate of $906.85 million. During the same period in the prior year, the business posted $1.50 earnings per share. Lennox International’s revenue was down .6% compared to the same quarter last year. sell-side analysts anticipate that Lennox International Inc. will post 10.17 EPS for the current year.
Lennox International announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 13th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Lennox International Profile
Lennox International Inc is a provider of climate control solutions. The Company designs, manufactures and markets a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets. It operates through three segments: Residential Heating & Cooling; Commercial Heating & Cooling, and Refrigeration.
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