National Pension Service trimmed its stake in shares of Lennox International, Inc. (NYSE:LII – Free Report) by 51.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,709 shares of the construction company’s stock after selling 2,868 shares during the period. National Pension Service’s holdings in Lennox International were worth $1,552,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of LII. Beacon Pointe Advisors LLC purchased a new position in shares of Lennox International in the 2nd quarter valued at about $239,217,000. Jefferies Financial Group Inc. acquired a new stake in Lennox International in the second quarter valued at approximately $3,644,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Lennox International in the second quarter valued at approximately $10,596,000. Capstone Investment Advisors LLC purchased a new position in Lennox International in the second quarter worth approximately $2,991,000. Finally, Legal & General Group Plc purchased a new position in Lennox International in the second quarter worth approximately $54,927,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.
Lennox International Stock Down 0.0%
Shares of NYSE:LII opened at $365.98 on Monday. The stock has a market cap of $12.65 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.45 and a beta of 1.18. The firm has a fifty day moving average price of $453.88 and a 200 day moving average price of $489.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. Lennox International, Inc. has a 1-year low of $365.70 and a 1-year high of $587.27.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Royal Bank Of Canada decreased their price objective on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group dropped their target price on Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Morgan Stanley cut their price target on Lennox International from $450.00 to $375.00 and set an “underweight” rating on the stock in a research note on Thursday, September 3rd. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $540.33.
Read Our Latest Analysis on Lennox International
Lennox International Company Profile
Lennox International Inc (NYSE:LII) designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.
The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.
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