Argent Trust Co Has $356,000 Holdings in Lennox International Inc. (NYSE:LII)

Argent Trust Co increased its holdings in shares of Lennox International Inc. (NYSE:LII) by 6.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 665 shares of the construction company’s stock after acquiring an additional 41 shares during the period. Argent Trust Co’s holdings in Lennox International were worth $356,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its position in Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after buying an additional 19 shares in the last quarter. L & S Advisors Inc raised its holdings in Lennox International by 0.8% during the second quarter. L & S Advisors Inc now owns 5,335 shares of the construction company’s stock worth $2,854,000 after acquiring an additional 40 shares in the last quarter. Innealta Capital LLC acquired a new position in Lennox International during the second quarter valued at approximately $33,000. GAMMA Investing LLC grew its stake in Lennox International by 38.6% in the second quarter. GAMMA Investing LLC now owns 255 shares of the construction company’s stock valued at $136,000 after purchasing an additional 71 shares in the last quarter. Finally, Rise Advisors LLC acquired a new position in shares of Lennox International during the 1st quarter worth approximately $41,000. Institutional investors own 67.07% of the company’s stock.

Lennox International Price Performance

Shares of NYSE LII opened at $612.54 on Friday. The firm has a market cap of $21.82 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The business’s 50 day moving average is $569.45 and its 200-day moving average is $521.02. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. Lennox International Inc. has a 1-year low of $334.53 and a 1-year high of $627.09.

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping the consensus estimate of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $6.15 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Lennox International Inc. will post 20.32 earnings per share for the current year.

Insider Buying and Selling

In other Lennox International news, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sherry Buck sold 500 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $583.47, for a total transaction of $291,735.00. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $1,279,549.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the transaction, the executive vice president now directly owns 16,162 shares of the company’s stock, valued at approximately $9,438,608. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,052 shares of company stock valued at $7,563,793. 10.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on LII. The Goldman Sachs Group increased their price objective on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Royal Bank of Canada lifted their price objective on shares of Lennox International from $566.00 to $572.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Stephens reaffirmed an “overweight” rating and issued a $675.00 target price on shares of Lennox International in a report on Thursday, July 25th. Wells Fargo & Company cut Lennox International from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. Finally, KeyCorp upped their price objective on Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $543.62.

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.