Maridea Wealth Management LLC acquired a new stake in Lennox International, Inc. (NYSE:LII – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,338 shares of the construction company’s stock, valued at approximately $767,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB increased its holdings in shares of Lennox International by 30.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 9,700 shares of the construction company’s stock worth $5,558,000 after acquiring an additional 2,280 shares during the last quarter. GAMMA Investing LLC raised its stake in Lennox International by 21.4% in the 2nd quarter. GAMMA Investing LLC now owns 867 shares of the construction company’s stock valued at $497,000 after acquiring an additional 153 shares during the period. Pacer Advisors Inc. lifted its holdings in Lennox International by 11.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,445 shares of the construction company’s stock valued at $3,455,000 after purchasing an additional 778 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Lennox International by 4.0% during the 1st quarter. Glenmede Trust Co. NA now owns 907 shares of the construction company’s stock valued at $421,000 after purchasing an additional 35 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in Lennox International during the first quarter worth $206,000. 67.07% of the stock is currently owned by institutional investors.
Lennox International Stock Performance
LII opened at $421.73 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. The business has a fifty day simple moving average of $513.62 and a 200 day simple moving average of $509.14. Lennox International, Inc. has a 1 year low of $411.40 and a 1 year high of $616.50. The company has a market capitalization of $14.58 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19.
Lennox International Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 1.3%. This is a boost from Lennox International’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, June 30th. Lennox International’s dividend payout ratio is currently 24.59%.
Analysts Set New Price Targets
LII has been the topic of several research reports. Weiss Ratings downgraded shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Royal Bank Of Canada cut their target price on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Vertical Research raised shares of Lennox International from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a report on Thursday, April 30th. Wells Fargo & Company upped their price target on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group lowered their price target on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $546.58.
Read Our Latest Stock Report on Lennox International
About Lennox International
Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
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