American International Group Inc. Cuts Stock Position in Lennox International Inc. (NYSE:LII)

American International Group Inc. cut its stake in shares of Lennox International Inc. (NYSE:LIIGet Rating) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,919 shares of the construction company’s stock after selling 1,963 shares during the quarter. American International Group Inc. owned approximately 0.16% of Lennox International worth $18,462,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new position in shares of Lennox International in the 3rd quarter worth approximately $27,000. Sageworth Trust Co of South Dakota bought a new position in shares of Lennox International during the fourth quarter worth about $36,000. Captrust Financial Advisors lifted its holdings in Lennox International by 36.4% in the 3rd quarter. Captrust Financial Advisors now owns 438 shares of the construction company’s stock valued at $129,000 after acquiring an additional 117 shares during the last quarter. Riverbridge Partners LLC purchased a new stake in Lennox International during the fourth quarter valued at about $201,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Lennox International in the fourth quarter worth approximately $291,000. Institutional investors and hedge funds own 68.73% of the company’s stock.

A number of brokerages have recently weighed in on LII. Deutsche Bank Aktiengesellschaft lowered their target price on Lennox International from $394.00 to $334.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Credit Suisse Group decreased their target price on Lennox International from $258.00 to $242.00 and set an “underperform” rating on the stock in a report on Tuesday, April 26th. Stephens cut their target price on Lennox International from $335.00 to $275.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 26th. Cowen lowered their target price on Lennox International from $325.00 to $295.00 in a report on Tuesday, April 26th. Finally, Morgan Stanley raised their target price on Lennox International from $253.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $279.10.

In related news, CEO Todd M. Bluedorn sold 9,298 shares of the stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $268.86, for a total value of $2,499,860.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel M. Sessa sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $268.12, for a total transaction of $536,240.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,346 shares of company stock worth $3,783,260. Company insiders own 2.80% of the company’s stock.

Shares of LII stock opened at $204.97 on Tuesday. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.11 and a beta of 0.95. The company’s 50 day moving average is $240.61 and its 200 day moving average is $275.69. Lennox International Inc. has a 52-week low of $199.66 and a 52-week high of $354.62.

Lennox International (NYSE:LIIGet Rating) last posted its earnings results on Monday, April 25th. The construction company reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.33. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $977.60 million. Lennox International had a net margin of 10.84% and a negative return on equity of 153.38%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 earnings per share. On average, analysts anticipate that Lennox International Inc. will post 14.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 2.07%. This is a positive change from Lennox International’s previous quarterly dividend of $0.92. The ex-dividend date is Wednesday, June 29th. Lennox International’s payout ratio is presently 29.49%.

Lennox International Profile (Get Rating)

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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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Institutional Ownership by Quarter for Lennox International (NYSE:LII)

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