Lennox International Inc. (LII) Shares Sold by Congress Asset Management Co. MA

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Congress Asset Management Co. MA decreased its position in shares of Lennox International Inc. (NYSE:LII) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,030 shares of the construction company’s stock after selling 20,657 shares during the quarter. Lennox International accounts for approximately 1.3% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 20th largest position. Congress Asset Management Co. MA owned 1.11% of Lennox International worth $97,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Hawaiian Bank bought a new position in Lennox International in the 3rd quarter valued at approximately $113,000. TRUE Private Wealth Advisors bought a new position in Lennox International in the 3rd quarter valued at approximately $134,000. Advisors Preferred LLC raised its holdings in Lennox International by 354.7% in the 2nd quarter. Advisors Preferred LLC now owns 632 shares of the construction company’s stock valued at $126,000 after buying an additional 493 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Lennox International by 583.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,592 shares of the construction company’s stock valued at $319,000 after buying an additional 1,359 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in Lennox International in the 3rd quarter valued at approximately $364,000. 67.81% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Joseph William Reitmeier sold 1,715 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $210.96, for a total transaction of $361,796.40. Following the completion of the transaction, the chief financial officer now owns 13,703 shares of the company’s stock, valued at $2,890,784.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Todd M. Bluedorn sold 8,156 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $207.17, for a total value of $1,689,678.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,113 shares of company stock worth $5,015,541. Company insiders own 3.90% of the company’s stock.

A number of research firms have weighed in on LII. Barclays increased their target price on shares of Lennox International from $233.00 to $239.00 and gave the company an “overweight” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Lennox International from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Credit Suisse Group began coverage on shares of Lennox International in a research report on Friday, October 12th. They set an “outperform” rating and a $229.00 target price for the company. TheStreet raised shares of Lennox International from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. Finally, Seaport Global Securities downgraded shares of Lennox International from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 24th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $220.75.

NYSE LII traded down $3.59 during mid-day trading on Friday, hitting $211.75. The company’s stock had a trading volume of 302,607 shares, compared to its average volume of 481,110. Lennox International Inc. has a twelve month low of $177.36 and a twelve month high of $229.98. The company has a market cap of $8.73 billion, a P/E ratio of 23.56, a PEG ratio of 1.26 and a beta of 1.10.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.20). Lennox International had a net margin of 8.31% and a negative return on equity of 474.74%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $2.53 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lennox International Inc. will post 8.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.21%. The ex-dividend date was Thursday, September 27th. Lennox International’s dividend payout ratio (DPR) is presently 32.32%.

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Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Further Reading: How Short Selling Works

Institutional Ownership by Quarter for Lennox International (NYSE:LII)

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