Lennox International, Inc. $LII Stock: Prescott Group Capital Management L.L.C. Lowers Holdings

Prescott Group Capital Management L.L.C. cut its position in Lennox International, Inc. (NYSE:LII) by 33.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the construction company’s stock after selling 2,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Lennox International were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LII. Burkett Financial Services LLC bought a new position in shares of Lennox International during the third quarter valued at $26,000. SBI Securities Co. Ltd. raised its holdings in shares of Lennox International by 3,500.0% during the third quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock valued at $26,000 after purchasing an additional 70 shares during the period. Root Financial Partners LLC boosted its holdings in Lennox International by 137.9% in the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Lennox International in the second quarter valued at $37,000. Finally, Global Retirement Partners LLC acquired a new position in Lennox International during the 2nd quarter valued at about $50,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Lennox International Stock Performance

NYSE:LII opened at $346.23 on Wednesday. The business’s fifty day moving average is $366.29 and its 200 day moving average is $470.29. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.21. Lennox International, Inc. has a 52-week low of $322.00 and a 52-week high of $587.27.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company earned $6.98 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts predict that Lennox International, Inc. will post 21.39 EPS for the current year.

Lennox International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 25.24%.

Analyst Upgrades and Downgrades

LII has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Morgan Stanley lowered their target price on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating for the company in a report on Thursday, October 15th. Mizuho set a $350.00 price target on shares of Lennox International in a research report on Thursday, October 29th. Weiss Ratings cut shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group lowered shares of Lennox International from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $547.00 to $390.00 in a research note on Wednesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $444.85.

About Lennox International

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.