Pacer Advisors Inc. Has $2.17 Million Stock Position in Lennox International Inc. (NYSE:LII)

Pacer Advisors Inc. lowered its position in Lennox International Inc. (NYSE:LII) by 33.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,568 shares of the construction company’s stock after selling 1,803 shares during the period. Pacer Advisors Inc.’s holdings in Lennox International were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Lennox International in the third quarter worth $27,000. First Horizon Advisors Inc. bought a new position in shares of Lennox International during the 3rd quarter worth about $39,000. Huntington National Bank boosted its position in shares of Lennox International by 47.9% during the 3rd quarter. Huntington National Bank now owns 71 shares of the construction company’s stock valued at $43,000 after acquiring an additional 23 shares in the last quarter. UMB Bank n.a. increased its stake in Lennox International by 388.9% in the third quarter. UMB Bank n.a. now owns 88 shares of the construction company’s stock valued at $53,000 after acquiring an additional 70 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Lennox International in the third quarter worth about $77,000. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Down 2.5 %

Shares of LII opened at $591.45 on Friday. The business’s fifty day moving average price is $639.82 and its two-hundred day moving average price is $607.36. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.79 and a beta of 1.11. Lennox International Inc. has a 52 week low of $412.09 and a 52 week high of $682.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 1.39.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 142.64% and a net margin of 15.11%. On average, analysts predict that Lennox International Inc. will post 23.08 earnings per share for the current year.

Lennox International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s dividend payout ratio (DPR) is 20.41%.

Insider Buying and Selling at Lennox International

In related news, Director Sherry Buck sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $660.74, for a total transaction of $330,370.00. Following the completion of the transaction, the director now owns 1,693 shares in the company, valued at approximately $1,118,632.82. The trade was a 22.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chris Kosel sold 200 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the sale, the chief accounting officer now owns 1,446 shares in the company, valued at approximately $904,458.54. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,200 shares of company stock valued at $793,228. 10.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LII has been the topic of several analyst reports. KeyCorp lowered Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Northcoast Research started coverage on Lennox International in a research report on Friday, November 22nd. They issued a “sell” rating and a $475.00 price target on the stock. Royal Bank of Canada boosted their target price on shares of Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research note on Thursday. Mizuho cut shares of Lennox International from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $675.00 to $625.00 in a research report on Thursday. Finally, Barclays reduced their price target on shares of Lennox International from $674.00 to $665.00 and set an “equal weight” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $602.57.

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.