Mirae Asset Global Investments Co. Ltd. acquired a new stake in Lennox International, Inc. (NYSE:LII – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 8,710 shares of the construction company’s stock, valued at approximately $3,092,000.
A number of other hedge funds have also modified their holdings of LII. Burkett Financial Services LLC acquired a new stake in Lennox International in the 3rd quarter valued at $26,000. SBI Securities Co. Ltd. boosted its stake in shares of Lennox International by 3,500.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Lennox International in the 2nd quarter valued at $37,000. Global Retirement Partners LLC bought a new stake in shares of Lennox International in the 2nd quarter worth about $50,000. Finally, Allworth Financial LP bought a new position in Lennox International during the 2nd quarter valued at about $91,000. 67.07% of the stock is owned by institutional investors and hedge funds.
Lennox International Stock Performance
LII traded down $7.06 during trading hours on Friday, reaching $341.73. The company’s stock had a trading volume of 471,838 shares, compared to its average volume of 720,143. Lennox International, Inc. has a 52 week low of $322.00 and a 52 week high of $587.27. The firm has a market cap of $11.69 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The company’s 50-day moving average is $363.79 and its 200-day moving average is $467.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.21.
Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The construction company reported $6.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned $6.98 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that Lennox International, Inc. will post 21.39 EPS for the current year.
Lennox International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 annualized dividend and a dividend yield of 1.6%. Lennox International’s dividend payout ratio (DPR) is currently 25.24%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Stephens lowered shares of Lennox International from an “overweight” rating to an “equal weight” rating and set a $350.00 price objective for the company. in a report on Thursday, October 29th. Weiss Ratings cut shares of Lennox International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Lennox International from a “buy” rating to a “hold” rating and cut their target price for the company from $609.00 to $444.00 in a research report on Monday, September 14th. Mizuho set a $350.00 price target on shares of Lennox International in a research report on Thursday, October 29th. Finally, Royal Bank Of Canada dropped their price target on Lennox International from $406.00 to $378.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 29th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $444.85.
View Our Latest Analysis on Lennox International
Lennox International Profile
Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.
Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.
Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.
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