Cohen Lawrence B lessened its holdings in shares of Lennox International Inc. (NYSE:LII – Get Rating) by 88.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,014 shares of the construction company's stock after selling 8,151 shares during the period. Cohen Lawrence B's holdings in Lennox International were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LII. True North Advisors LLC purchased a new position in shares of Lennox International in the 4th quarter worth about $64,763,000. Millennium Management LLC raised its position in shares of Lennox International by 49.1% in the 4th quarter. Millennium Management LLC now owns 157,171 shares of the construction company's stock worth $50,980,000 after purchasing an additional 51,781 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Lennox International by 7.0% in the 4th quarter. Impax Asset Management Group plc now owns 535,633 shares of the construction company's stock worth $173,151,000 after purchasing an additional 35,026 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Lennox International by 119.7% in the 1st quarter. SG Americas Securities LLC now owns 23,470 shares of the construction company's stock worth $6,052,000 after purchasing an additional 12,786 shares during the last quarter. Finally, Credit Suisse AG raised its position in shares of Lennox International by 17.3% in the 4th quarter. Credit Suisse AG now owns 58,151 shares of the construction company's stock worth $18,862,000 after purchasing an additional 8,589 shares during the last quarter. Institutional investors own 63.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LII shares. Cowen raised Lennox International from a "market perform" rating to an "outperform" rating and set a $260.00 price target for the company in a research report on Friday, July 8th. Morgan Stanley boosted their target price on Lennox International from $255.00 to $268.00 and gave the stock an "equal weight" rating in a research report on Thursday. Cowen raised Lennox International from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research report on Friday, July 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Lennox International from $335.00 to $292.00 and set a "buy" rating for the company in a research report on Wednesday, July 13th. Finally, Barclays decreased their target price on Lennox International from $240.00 to $230.00 and set an "equal weight" rating for the company in a research report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Lennox International presently has a consensus rating of "Hold" and an average price target of $244.40.

Insiders Place Their Bets

Lennox International Stock Down 1.2 %

Shares of Lennox International stock traded down $2.95 during trading hours on Monday, reaching $245.90. 10,809 shares of the stock traded hands, compared to its average volume of 331,232. The company has a 50 day moving average price of $233.08 and a 200 day moving average price of $234.74. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 19.02 and a beta of 0.93. Lennox International Inc. has a one year low of $182.85 and a one year high of $335.14.

Lennox International (NYSE:LII – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The construction company reported $5.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.74 by $0.26. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lennox International had a negative return on equity of 134.81% and a net margin of 10.69%. The firm's revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.57 EPS. Sell-side analysts anticipate that Lennox International Inc. will post 14.23 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $1.06 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $4.24 annualized dividend and a yield of 1.72%. Lennox International's payout ratio is 32.79%.

About Lennox International

(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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