Toronto Dominion Bank Raises Position in Lennox International Inc. (NYSE:LII)

Toronto Dominion Bank lifted its stake in shares of Lennox International Inc. (NYSE:LII) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,119 shares of the construction company’s stock after buying an additional 66 shares during the period. Toronto Dominion Bank’s holdings in Lennox International were worth $1,669,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Eagle Asset Management Inc. purchased a new position in Lennox International during the fourth quarter worth about $5,795,000. First Financial Bankshares Inc bought a new position in shares of Lennox International in the fourth quarter valued at approximately $585,000. Brevan Howard Capital Management LP increased its position in shares of 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 acquiring an additional 3,013 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Lennox International by 66.0% during the fourth quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock worth $158,000 after acquiring an additional 140 shares during the period. Finally, Symmetry Partners LLC boosted its position in Lennox International by 4.6% in the first quarter. Symmetry Partners LLC now owns 2,137 shares of the construction company’s stock worth $1,044,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

Wall Street Analyst Weigh In

LII has been the subject of several research analyst reports. Robert W. Baird raised their target price on Lennox International from $505.00 to $610.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Stephens reaffirmed an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. KeyCorp increased their target price on shares of Lennox International from $515.00 to $600.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. TD Cowen lifted their price target on shares of Lennox International from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, Wells Fargo & Company lowered Lennox International from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $550.00 to $570.00 in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $555.00.

Lennox International Price Performance

LII stock opened at $604.29 on Tuesday. The firm has a 50 day simple moving average of $576.93 and a two-hundred day simple moving average of $528.66. The stock has a market cap of $21.53 billion, a PE ratio of 35.01, a P/E/G ratio of 1.97 and a beta of 1.07. Lennox International Inc. has a one year low of $334.53 and a one year high of $627.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.28. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $6.15 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Lennox International Inc. will post 20.32 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, September 30th. Lennox International’s dividend payout ratio is currently 26.65%.

Insider Activity

In other Lennox International news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $583.47, for a total value of $291,735.00. Following the completion of the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $1,279,549.71. 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 company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $583.47, for a total transaction of $291,735.00. Following the completion of the transaction, the director now directly owns 2,193 shares of the company’s stock, valued at $1,279,549.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Todd J. Teske sold 2,000 shares of Lennox International stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares in the company, valued at $4,828,334.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,052 shares of company stock valued at $7,563,793. Corporate insiders own 10.40% of the company’s stock.

Lennox International Company 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.