Kepos Capital LP Invests $2.34 Million in Lennox International Inc. (LII) Stock

Kepos Capital LP bought a new position in shares of Lennox International Inc. (NYSE:LII) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,706 shares of the construction company’s stock, valued at approximately $2,338,000.

A number of other institutional investors also recently bought and sold shares of LII. California Public Employees Retirement System increased its position in shares of Lennox International by 11.0% in the 2nd quarter. California Public Employees Retirement System now owns 147,120 shares of the construction company’s stock valued at $29,446,000 after acquiring an additional 14,598 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lennox International by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 122,524 shares of the construction company’s stock valued at $26,759,000 after acquiring an additional 3,219 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Lennox International by 8,333.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 50,600 shares of the construction company’s stock valued at $11,051,000 after acquiring an additional 50,000 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Lennox International by 3.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 34,292 shares of the construction company’s stock valued at $6,864,000 after acquiring an additional 1,059 shares during the period. Finally, Comerica Bank grew its position in Lennox International by 11.9% during the 3rd quarter. Comerica Bank now owns 32,311 shares of the construction company’s stock worth $6,380,000 after purchasing an additional 3,426 shares during the period. Institutional investors own 67.44% of the company’s stock.

Several equities research analysts have weighed in on the company. Stephens assumed coverage on Lennox International in a research report on Monday, November 19th. They set an “equal weight” rating and a $229.00 price target on the stock. ValuEngine raised Lennox International from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of Lennox International in a research report on Wednesday, October 24th. Barclays cut their price target on Lennox International from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 23rd. Finally, Credit Suisse Group cut their price target on Lennox International from $229.00 to $224.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $221.67.

In related news, Director John E. Major sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $204.45, for a total value of $408,900.00. Following the transaction, the director now directly owns 2,145 shares of the company’s stock, valued at approximately $438,545.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John W. Norris III sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $215.84, for a total transaction of $302,176.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,773 shares of company stock worth $4,939,041. Corporate insiders own 3.90% of the company’s stock.

LII stock opened at $225.91 on Monday. Lennox International Inc. has a 52-week low of $177.36 and a 52-week high of $229.98. The stock has a market cap of $9.10 billion, a PE ratio of 28.52, a PEG ratio of 1.32 and a beta of 1.10.

Lennox International (NYSE:LII) last posted its earnings results on Monday, October 22nd. The construction company reported $2.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.20). Lennox International had a negative return on equity of 474.74% and a net margin of 8.31%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that Lennox International Inc. will post 8.96 earnings per share for the current year.

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Lennox International Company Profile

Lennox International Inc, together with its subsidiaries, provides climate control solutions in the United States, Canada, and internationally. It designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets. The company operates in three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

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

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