Lennox International, Inc. $LII Stock Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lessened its holdings in shares of Lennox International, Inc. (NYSE:LII) by 33.3% in the third quarter, HoldingsChannel.com reports. The fund owned 4,000 shares of the construction company’s stock after selling 2,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Lennox International were worth $1,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LII. N.E.W. Advisory Services LLC bought a new position in shares of Lennox International in the second quarter worth approximately $37,000. Root Financial Partners LLC lifted its position in Lennox International by 137.9% during the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Lennox International by 3,500.0% during the third quarter. SBI Securities Co. Ltd. now owns 72 shares of the construction company’s stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. Burkett Financial Services LLC purchased a new position in Lennox International in the 3rd quarter worth approximately $26,000. Finally, Global Retirement Partners LLC purchased a new position in Lennox International in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada decreased their price target on shares of Lennox International from $406.00 to $378.00 and set a “sector perform” rating on the stock in a report on Thursday, October 29th. Oppenheimer downgraded shares of Lennox International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft lowered shares of Lennox International from a “buy” rating to a “hold” rating and cut their target price for the stock from $609.00 to $444.00 in a research report on Monday, September 14th. BNP Paribas Exane reduced their target price on Lennox International from $450.00 to $350.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Morgan Stanley lowered their price target on Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $444.85.

Lennox International Trading Down 2.1%

LII stock opened at $346.23 on Wednesday. The company has a market capitalization of $11.84 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.21. Lennox International, Inc. has a one year low of $322.00 and a one year high of $587.27. The company’s 50 day moving average price is $366.29 and its two-hundred day moving average price is $470.29.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, October 28th. The construction company reported $6.84 EPS for the quarter, missing the consensus estimate of $7.29 by ($0.45). Lennox International had a net margin of 13.77% and a return on equity of 62.34%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the business posted $6.98 EPS. Lennox International’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts predict that Lennox International, Inc. will post 21.39 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, September 30th. Lennox International’s dividend payout ratio is presently 25.24%.

Lennox International Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.