Impax Asset Management Group plc Sells 32,955 Shares of Lennox International Inc. (NYSE:LII)

Impax Asset Management Group plc lessened its stake in shares of Lennox International Inc. (NYSE:LII) by 14.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,600 shares of the construction company’s stock after selling 32,955 shares during the quarter. Impax Asset Management Group plc owned about 0.53% of Lennox International worth $114,256,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LII. Wilmington Savings Fund Society FSB bought a new position in shares of Lennox International in the third quarter worth $27,000. First Horizon Advisors Inc. bought a new stake in shares of Lennox International during the 3rd quarter valued at about $39,000. Huntington National Bank grew its holdings in shares of Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after purchasing an additional 23 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Lennox International in the third quarter valued at approximately $77,000. Finally, Anchor Investment Management LLC bought a new stake in Lennox International during the third quarter valued at approximately $124,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Activity

In other news, Director Sherry Buck sold 500 shares of Lennox International stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the transaction, the director now directly owns 1,693 shares in the company, valued at approximately $1,118,632.82. This trade represents a 22.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.40% of the company’s stock.

Lennox International Price Performance

LII stock opened at $614.10 on Monday. The firm has a 50-day moving average of $623.77 and a 200 day moving average of $613.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90. The company has a market cap of $21.85 billion, a P/E ratio of 27.25, a PEG ratio of 2.36 and a beta of 1.10. Lennox International Inc. has a 1 year low of $445.63 and a 1 year high of $682.50.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. On average, sell-side analysts forecast that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.75%. The ex-dividend date was Tuesday, December 31st. Lennox International’s dividend payout ratio is currently 20.41%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LII. Morgan Stanley started coverage on shares of Lennox International in a research report on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective on the stock. Mizuho lowered Lennox International from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $675.00 to $625.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Northcoast Research initiated coverage on Lennox International in a report on Friday, November 22nd. They set a “sell” rating and a $475.00 price objective on the stock. Finally, Barclays cut their target price on Lennox International from $674.00 to $665.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $606.00.

Lennox International Profile

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.