California Public Employees Retirement System Has $19.63 Million Holdings in Lennox International Inc. (NYSE:LII)

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California Public Employees Retirement System grew its stake in Lennox International Inc. (NYSE:LII) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,794 shares of the construction company’s stock after buying an additional 6,770 shares during the quarter. California Public Employees Retirement System owned 0.21% of Lennox International worth $19,631,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LII. Dorsey Wright & Associates boosted its holdings in shares of Lennox International by 9.0% in the second quarter. Dorsey Wright & Associates now owns 1,354 shares of the construction company’s stock valued at $372,000 after buying an additional 112 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Lennox International in the second quarter valued at approximately $232,000. Nisa Investment Advisors LLC boosted its holdings in shares of Lennox International by 34.2% in the second quarter. Nisa Investment Advisors LLC now owns 14,128 shares of the construction company’s stock valued at $3,885,000 after buying an additional 3,604 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Lennox International by 16.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 21,187 shares of the construction company’s stock valued at $5,826,000 after buying an additional 3,005 shares during the period. Finally, Boston Financial Mangement LLC boosted its holdings in shares of Lennox International by 0.9% in the second quarter. Boston Financial Mangement LLC now owns 40,885 shares of the construction company’s stock valued at $11,243,000 after buying an additional 384 shares during the period. Institutional investors own 71.25% of the company’s stock.

Shares of LII opened at $245.01 on Friday. Lennox International Inc. has a 12 month low of $203.63 and a 12 month high of $298.49. The firm has a fifty day simple moving average of $242.44 and a 200 day simple moving average of $260.54. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.10 and a beta of 0.87.

Lennox International (NYSE:LII) last announced its earnings results on Monday, October 21st. The construction company reported $3.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.41 by ($0.07). Lennox International had a negative return on equity of 199.10% and a net margin of 9.83%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company posted $2.72 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts predict that Lennox International Inc. will post 11.27 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Monday, September 30th. Lennox International’s dividend payout ratio (DPR) is currently 32.70%.

In other Lennox International news, Director John E. Major sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $257.83, for a total transaction of $257,830.00. Following the sale, the director now directly owns 1,894 shares of the company’s stock, valued at $488,330.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd M. Bluedorn sold 8,095 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $248.06, for a total transaction of $2,008,045.70. Following the sale, the chief executive officer now directly owns 110,588 shares in the company, valued at $27,432,459.28. The disclosure for this sale can be found here. Insiders have sold 9,595 shares of company stock worth $2,394,131 over the last ninety days. Insiders own 3.40% of the company’s stock.

Several research analysts have recently weighed in on LII shares. Morgan Stanley upped their price target on shares of Lennox International from $207.00 to $211.00 and gave the company an “underweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Co reduced their price target on shares of Lennox International from $265.00 to $255.00 and set a “market perform” rating for the company in a report on Tuesday, October 22nd. Credit Suisse Group reduced their price target on shares of Lennox International from $282.00 to $265.00 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. ValuEngine cut shares of Lennox International from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lennox International from $225.00 to $200.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $243.42.

About Lennox International

Lennox International, Inc engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following business segments: Residential Heating and Cooling, Commercial Heating and Cooling, and Refrigeration. The Residential Heating and Cooling segment manufactures and markets furnaces, air conditioners, heat pumps, packaged heating and cooling systems, equipment, and accessories.

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Institutional Ownership by Quarter for Lennox International (NYSE:LII)

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