Nisa Investment Advisors LLC Acquires 1,792 Shares of Lennox International Inc. (NYSE:LII)

Nisa Investment Advisors LLC lifted its holdings in shares of Lennox International Inc. (NYSE:LII) by 36.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,776 shares of the construction company’s stock after purchasing an additional 1,792 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lennox International were worth $4,104,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers grew its stake in Lennox International by 3.1% in the 2nd quarter. Rhumbline Advisers now owns 99,181 shares of the construction company’s stock worth $53,060,000 after buying an additional 2,958 shares in the last quarter. Achmea Investment Management B.V. increased its stake in Lennox International by 7.3% in the second quarter. Achmea Investment Management B.V. now owns 83,311 shares of the construction company’s stock valued at $44,570,000 after acquiring an additional 5,673 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Lennox International by 9.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after purchasing an additional 6,041 shares in the last quarter. Swedbank AB bought a new stake in Lennox International during the first quarter worth about $15,416,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Lennox International by 279.7% in the 1st quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after purchasing an additional 18,972 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Performance

NYSE:LII opened at $603.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 1.10. The firm’s fifty day simple moving average is $595.11 and its 200 day simple moving average is $548.37. The stock has a market cap of $21.51 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. Lennox International Inc. has a twelve month low of $381.34 and a twelve month high of $627.46.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.95 by $0.73. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $5.37 earnings per share. Lennox International’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, research analysts predict that Lennox International Inc. will post 21.06 EPS for the current year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s payout ratio is presently 21.84%.

Analyst Ratings Changes

A number of analysts recently weighed in on LII shares. The Goldman Sachs Group boosted their target price on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Stephens reaffirmed an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Wells Fargo & Company boosted their price target on shares of Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada raised their price objective on Lennox International from $604.00 to $619.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Finally, Mizuho lifted their price objective on Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $583.92.

Insider Activity at Lennox International

In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the transaction, the director now owns 8,411 shares in the company, valued at approximately $4,828,334.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Shane D. Wall sold 325 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the sale, the director now owns 2,035 shares in the company, valued at $1,247,393.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the transaction, the director now owns 8,411 shares of the company’s stock, valued at $4,828,334.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,214 shares of company stock worth $7,123,108 over the last ninety days. 10.40% of the stock is owned by corporate 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.