Lennox International Inc. (NYSE:LII) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of Lennox International Inc. (NYSE:LII) by 77.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,493 shares of the construction company’s stock after selling 29,809 shares during the quarter. Corebridge Financial Inc.’s holdings in Lennox International were worth $5,175,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LII. Quantbot Technologies LP purchased a new position in shares of Lennox International in the 3rd quarter valued at $77,000. BNP Paribas Financial Markets raised its position in Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock valued at $14,056,000 after purchasing an additional 4,927 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Lennox International by 1,065.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock worth $4,635,000 after purchasing an additional 7,012 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in shares of Lennox International in the third quarter valued at about $493,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Lennox International by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,333 shares of the construction company’s stock valued at $10,474,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total transaction of $124,974.80. Following the sale, the chief accounting officer now owns 1,282 shares of the company’s stock, valued at approximately $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.40% of the company’s stock.

Lennox International Stock Down 4.4 %

Shares of NYSE:LII opened at $552.20 on Friday. The company’s fifty day moving average is $603.95 and its two-hundred day moving average is $615.69. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. Lennox International Inc. has a 1-year low of $445.63 and a 1-year high of $682.50. The stock has a market capitalization of $19.65 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.36 and a beta of 1.13.

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

Lennox International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, April 30th. Lennox International’s payout ratio is 20.41%.

Analysts Set New Price Targets

Several brokerages have issued reports on LII. JPMorgan Chase & Co. increased their price objective on shares of Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Mizuho downgraded shares of 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. Morgan Stanley started coverage on shares of Lennox International in a research report on Monday, January 6th. They issued an “underweight” rating and a $595.00 price objective for the company. Barclays raised Lennox International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $665.00 to $702.00 in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada increased their price target on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lennox International has an average rating of “Hold” and a consensus target price of $614.62.

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.