Desjardins Global Asset Management Inc. Acquires 41 Shares of Lennox International Inc. (NYSE:LII)

Desjardins Global Asset Management Inc. grew its holdings in Lennox International Inc. (NYSE:LII) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 4,346 shares of the construction company’s stock after purchasing an additional 41 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Lennox International were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Lennox International by 105.3% in the 4th quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock valued at $3,035,000 after purchasing an additional 3,478 shares during the period. Forsta AP Fonden grew its position in Lennox International by 11.8% during the third quarter. Forsta AP Fonden now owns 22,700 shares of the construction company’s stock worth $8,500,000 after buying an additional 2,400 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Lennox International during the third quarter valued at about $8,067,000. DNB Asset Management AS acquired a new position in Lennox International in the 4th quarter valued at approximately $5,393,000. Finally, Rappaport Reiches Capital Management LLC bought a new stake in shares of Lennox International in the 4th quarter worth approximately $239,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Buying and Selling

In other news, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction on Monday, March 18th. The stock was sold at an average price of $473.59, for a total value of $875,667.91. Following the completion of the sale, the executive vice president now directly owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Lennox International news, EVP Joseph William Reitmeier sold 1,930 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $471.48, for a total transaction of $909,956.40. Following the transaction, the executive vice president now directly owns 24,533 shares in the company, valued at approximately $11,566,818.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary S. Bedard sold 1,849 shares of Lennox International stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $473.59, for a total transaction of $875,667.91. Following the sale, the executive vice president now owns 20,465 shares of the company’s stock, valued at approximately $9,692,019.35. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LII shares. Wells Fargo & Company boosted their price objective on Lennox International from $491.00 to $545.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Barclays increased their price objective on shares of Lennox International from $450.00 to $500.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. KeyCorp lifted their target price on shares of Lennox International from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Mizuho increased their price target on shares of Lennox International from $490.00 to $540.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lennox International in a report on Thursday, February 1st. They set a “buy” rating and a $523.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $473.67.

Lennox International Trading Down 0.2 %

Shares of LII opened at $460.85 on Wednesday. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 1.41. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.27 and a beta of 1.02. The stock has a fifty day moving average price of $469.23 and a two-hundred day moving average price of $431.13. Lennox International Inc. has a 52-week low of $248.05 and a 52-week high of $501.72.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.17. Lennox International had a return on equity of 671.77% and a net margin of 11.85%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Analysts predict that Lennox International Inc. will post 19.75 EPS for the current fiscal year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Wednesday, March 27th. Lennox International’s dividend payout ratio is currently 26.60%.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.