BNP Paribas Financial Markets Has $46.40 Million Stake in Lennox International Inc. (NYSE:LII)

BNP Paribas Financial Markets boosted its stake in shares of Lennox International Inc. (NYSE:LII) by 227.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,149 shares of the construction company’s stock after acquiring an additional 52,888 shares during the quarter. BNP Paribas Financial Markets owned 0.21% of Lennox International worth $46,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Lennox International in the third quarter valued at approximately $27,000. Bessemer Group Inc. raised its position in Lennox International by 50.8% in the 4th quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock valued at $60,000 after purchasing an additional 33 shares during the last quarter. Private Trust Co. NA boosted its stake in Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock worth $71,000 after purchasing an additional 45 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Lennox International by 1,650.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company’s stock worth $128,000 after purchasing an additional 198 shares during the last quarter. Finally, Vicus Capital acquired a new stake in shares of Lennox International in the fourth quarter valued at $202,000. 67.07% of the stock is owned by institutional investors.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 194 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $644.20, for a total value of $124,974.80. Following the completion of the transaction, the chief accounting officer now directly owns 1,282 shares in the company, valued at $825,864.40. This trade represents a 13.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is owned by insiders.

Lennox International Stock Up 0.3 %

Shares of NYSE LII opened at $568.50 on Thursday. Lennox International Inc. has a 52-week low of $467.65 and a 52-week high of $682.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.43. The stock has a market cap of $20.17 billion, a P/E ratio of 25.22, a P/E/G ratio of 2.36 and a beta of 1.18. The firm has a 50 day moving average price of $560.37 and a 200 day moving average price of $604.16.

Lennox International (NYSE:LII) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.25 by $0.12. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company earned $3.47 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts expect that Lennox International Inc. will post 22.94 EPS for the current year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, April 30th. Lennox International’s payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LII shares. Mizuho lowered shares of Lennox International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $675.00 to $625.00 in a report on Thursday, January 30th. Oppenheimer raised shares of Lennox International from a “market perform” rating to an “outperform” rating and set a $600.00 price target for the company in a report on Thursday, April 24th. Wells Fargo & Company dropped their price objective on shares of Lennox International from $550.00 to $500.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. Morgan Stanley decreased their price objective on Lennox International from $585.00 to $450.00 and set an “underweight” rating on the stock in a research report on Thursday, April 24th. Finally, Robert W. Baird dropped their target price on Lennox International from $608.00 to $600.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $577.00.

About Lennox International

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.