Fifth Third Wealth Advisors LLC Lowers Holdings in Lennox International Inc. (NYSE:LII)

Fifth Third Wealth Advisors LLC trimmed its position in shares of Lennox International Inc. (NYSE:LII) by 42.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 536 shares of the construction company’s stock after selling 395 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Lennox International were worth $327,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in shares of Lennox International during the fourth quarter valued at approximately $567,000. Toronto Dominion Bank increased its holdings in shares of Lennox International by 27.0% in the 3rd quarter. Toronto Dominion Bank now owns 3,960 shares of the construction company’s stock worth $2,393,000 after purchasing an additional 841 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Lennox International by 3.8% in the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock worth $33,304,000 after purchasing an additional 2,013 shares during the last quarter. National Pension Service lifted its holdings in shares of Lennox International by 2.3% during the third quarter. National Pension Service now owns 51,263 shares of the construction company’s stock valued at $30,978,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position 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 valued at $4,635,000 after buying an additional 7,012 shares during the last quarter. 67.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LII shares. Morgan Stanley began coverage on shares of Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 target price on the stock. UBS Group increased their price objective on shares of Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Robert W. Baird lifted their target price on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Mizuho raised their price target on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of “Hold” and a consensus price target of $590.50.

Lennox International Stock Performance

LII opened at $647.92 on Friday. The company has a 50 day simple moving average of $636.68 and a two-hundred day simple moving average of $600.75. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.39 and a quick ratio of 0.87. The firm has a market cap of $23.08 billion, a P/E ratio of 30.77, a PEG ratio of 1.69 and a beta of 1.11. Lennox International Inc. has a 1-year low of $412.09 and a 1-year high of $682.50.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.95 by $0.73. Lennox International had a return on equity of 148.52% and a net margin of 14.63%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $5.37 EPS. Lennox International’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts forecast that Lennox International Inc. will post 21.12 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $1.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $4.60 dividend on an annualized basis and a yield of 0.71%. Lennox International’s dividend payout ratio is presently 21.84%.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 200 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total value of $125,098.00. Following the sale, the chief accounting officer now owns 1,446 shares in the company, valued at $904,458.54. The trade was a 12.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total value of $330,370.00. Following the transaction, the director now owns 1,693 shares of the company’s stock, valued at approximately $1,118,632.82. The trade was a 22.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,106 shares of company stock worth $1,353,233 in the last three months. 10.40% of the stock is owned by company insiders.

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.