Handelsinvest Investeringsforvaltning Decreases Stock Holdings in Lennox International Inc. (NYSE:LII)

Handelsinvest Investeringsforvaltning trimmed its stake in shares of Lennox International Inc. (NYSE:LII) by 34.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 824 shares of the construction company’s stock after selling 428 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Lennox International were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Lennox International by 105.3% during the fourth quarter. SG Americas Securities LLC now owns 6,782 shares of the construction company’s stock valued at $3,035,000 after purchasing an additional 3,478 shares during the last quarter. Naples Money Management LLC purchased a new stake in Lennox International during the fourth quarter valued at approximately $1,588,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Lennox International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 67,094 shares of the construction company’s stock valued at $30,026,000 after buying an additional 1,653 shares during the last quarter. Brevan Howard Capital Management LP increased its holdings in Lennox International by 494.7% during the fourth quarter. Brevan Howard Capital Management LP now owns 3,622 shares of the construction company’s stock valued at $1,621,000 after buying an additional 3,013 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in Lennox International during the third quarter valued at approximately $8,067,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on LII. Stephens reaffirmed an “overweight” rating and set a $550.00 target price on shares of Lennox International in a report on Thursday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of Lennox International from $350.00 to $360.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. KeyCorp increased their price objective on shares of Lennox International from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. UBS Group increased their price objective on shares of Lennox International from $450.00 to $485.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada upped their target price on shares of Lennox International from $481.00 to $510.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $491.92.

Lennox International Price Performance

LII stock opened at $547.19 on Thursday. Lennox International Inc. has a 52 week low of $314.11 and a 52 week high of $553.48. The company has a quick ratio of 0.68, a current ratio of 1.43 and a debt-to-equity ratio of 3.13. The company has a fifty day simple moving average of $504.51 and a two-hundred day simple moving average of $473.26. The firm has a market capitalization of $19.49 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.17 by $0.30. Lennox International had a net margin of 12.38% and a return on equity of 303.36%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Analysts anticipate that Lennox International Inc. will post 19.96 earnings per share for the current fiscal year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.60 annualized dividend and a dividend yield of 0.84%. This is an increase from Lennox International’s previous quarterly dividend of $1.10. Lennox International’s dividend payout ratio is currently 26.65%.

Lennox International Profile

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. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.