L & S Advisors Inc Increases Stock Holdings in Lennox International Inc. (NYSE:LII)

L & S Advisors Inc raised its holdings in Lennox International Inc. (NYSE:LII) by 0.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,335 shares of the construction company’s stock after acquiring an additional 40 shares during the quarter. L & S Advisors Inc’s holdings in Lennox International were worth $2,854,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LII. Innealta Capital LLC acquired a new position in shares of Lennox International during the second quarter valued at about $33,000. Massmutual Trust Co. FSB ADV grew 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 purchasing an additional 19 shares during the last quarter. Rise Advisors LLC acquired a new position in Lennox International during the 1st quarter valued at approximately $41,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Lennox International in the second quarter worth $65,000. Finally, Bessemer Group Inc. lifted its stake in shares of Lennox International by 403.3% during the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Stock Up 2.1 %

Lennox International stock opened at $603.50 on Tuesday. Lennox International Inc. has a 12 month low of $334.53 and a 12 month high of $606.16. The stock has a market capitalization of $21.50 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.60 and a quick ratio of 0.90. The business has a 50 day simple moving average of $565.64 and a 200-day simple moving average of $518.82.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Lennox International from $507.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird raised their price objective on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. KeyCorp increased their price target on shares of Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Stephens restated an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research note on Thursday, July 25th. Finally, Royal Bank of Canada increased their price objective on shares of Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. One equities research 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $543.62.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the completion of the sale, the chief accounting officer now directly owns 1,646 shares in the company, valued at $944,458.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Prakash Bedapudi sold 5,374 shares of Lennox International stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total transaction of $3,138,416.00. Following the transaction, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares in the company, valued at approximately $944,458.34. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock valued at $7,563,793 over the last quarter. 10.40% of the stock is currently owned by insiders.

About Lennox International

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.