Bessemer Group Inc. Buys 33 Shares of Lennox International Inc. (NYSE:LII)

Bessemer Group Inc. boosted its position in shares of Lennox International Inc. (NYSE:LII) by 50.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98 shares of the construction company’s stock after acquiring an additional 33 shares during the period. Bessemer Group Inc.’s holdings in Lennox International were worth $60,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LII. Geode Capital Management LLC increased its position in shares of Lennox International by 55.7% during the fourth quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company’s stock valued at $542,374,000 after purchasing an additional 317,937 shares during the period. Russell Investments Group Ltd. increased its holdings in Lennox International by 27.8% in the 4th quarter. Russell Investments Group Ltd. now owns 42,430 shares of the construction company’s stock valued at $25,861,000 after buying an additional 9,239 shares during the period. Mediolanum International Funds Ltd raised its stake in shares of Lennox International by 469.6% in the 4th quarter. Mediolanum International Funds Ltd now owns 21,053 shares of the construction company’s stock valued at $12,895,000 after buying an additional 17,357 shares in the last quarter. DnB Asset Management AS lifted its holdings in shares of Lennox International by 94.4% during the 4th quarter. DnB Asset Management AS now owns 15,814 shares of the construction company’s stock worth $9,635,000 after acquiring an additional 7,679 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Lennox International by 46.1% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 10,550 shares of the construction company’s stock valued at $6,478,000 after acquiring an additional 3,330 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Analyst Ratings Changes

LII has been the subject of several recent research reports. UBS Group increased their price target on shares of Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Stephens restated an “overweight” rating and set a $750.00 target price on shares of Lennox International in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on Lennox International from $565.00 to $455.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reissued an “underweight” rating and set a $580.00 price objective (down from $630.00) on shares of Lennox International in a report on Monday, February 3rd. Finally, Barclays raised shares of Lennox International from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $665.00 to $702.00 in a report on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $606.15.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 194 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $644.20, for a total transaction of $124,974.80. Following the completion of the sale, the chief accounting officer now directly owns 1,282 shares of the company’s stock, valued at $825,864.40. The trade was a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.40% of the company’s stock.

Lennox International Price Performance

Shares of LII stock opened at $556.61 on Friday. Lennox International Inc. has a 1 year low of $445.63 and a 1 year high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $580.92 and its 200-day moving average is $609.33. The firm has a market capitalization of $19.76 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 2.36 and a beta of 1.07.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. Sell-side analysts forecast that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $4.60 annualized dividend and a yield of 0.83%. Lennox International’s dividend payout ratio is currently 20.41%.

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.