Cigna Investments Inc. New Purchases Shares of 339 Lennox International Inc. (NYSE:LII)

Cigna Investments Inc. New acquired a new position in shares of Lennox International Inc. (NYSE:LII) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 339 shares of the construction company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of LII. Swedbank AB bought a new position in shares of Lennox International in the first quarter valued at about $15,416,000. Driehaus Capital Management LLC bought a new position in shares of Lennox International in the second quarter worth about $11,115,000. SG Americas Securities LLC lifted its position in shares of Lennox International by 279.7% during the first quarter. SG Americas Securities LLC now owns 25,754 shares of the construction company’s stock worth $12,588,000 after purchasing an additional 18,972 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Lennox International by 165.0% during the first quarter. Forsta AP Fonden now owns 21,200 shares of the construction company’s stock valued at $10,362,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Lennox International by 9.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 73,135 shares of the construction company’s stock valued at $35,745,000 after purchasing an additional 6,041 shares in the last quarter. Institutional investors own 67.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stephens reiterated an “overweight” rating and issued a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Mizuho raised their price target on Lennox International from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on Lennox International from $570.00 to $615.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Barclays raised their target price on shares of Lennox International from $575.00 to $624.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird boosted their price target on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $583.92.

Lennox International Stock Up 0.1 %

Shares of NYSE LII opened at $603.47 on Friday. The firm has a 50 day moving average price of $595.11 and a 200 day moving average price of $548.37. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39. The stock has a market cap of $21.50 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.85 and a beta of 1.07. Lennox International Inc. has a 52-week low of $381.34 and a 52-week high of $627.46.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 EPS for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 EPS. Analysts expect that Lennox International Inc. will post 21.06 EPS for the current year.

Lennox International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is presently 21.84%.

Insider Activity at Lennox International

In other Lennox International news, Director Todd J. Teske sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total transaction of $1,148,100.00. Following the sale, the director now directly owns 8,411 shares in the company, valued at approximately $4,828,334.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Lennox International news, EVP John D. Torres sold 581 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $620.98, for a total transaction of $360,789.38. Following the completion of the transaction, the executive vice president now owns 4,668 shares in the company, valued at approximately $2,898,734.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were 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 approximately $4,828,334.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,214 shares of company stock worth $7,123,108. 10.40% of the stock is owned by company insiders.

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.