Cobiz Investment Management Lowers stake in Lennox International (LII)

Lennox International (LII) : Cobiz Investment Management reduced its stake in Lennox International by 1.57% during the most recent quarter end. The investment management company now holds a total of 33,910 shares of Lennox International which is valued at $5,526,652 after selling 542 shares in Lennox International , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Lennox International makes up approximately 1.33% of Cobiz Investment Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in LII in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 13,646 shares of Lennox International which is valued at $2,224,025. Lennox International makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio. First Mercantile Trust Co sold out all of its stake in LII during the most recent quarter. The investment firm sold 1,635 shares of LII which is valued $263,971.Bnp Paribas Arbitrage Sa reduced its stake in LII by selling 8,225 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 115,093 shares of LII which is valued at $18,328,560. Lennox International makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in LII in the latest quarter, The investment management firm added 1,167 additional shares and now holds a total of 6,187 shares of Lennox International which is valued at $985,280. Lennox International makes up approx 0.06% of Eqis Capital Management’s portfolio.

Lennox International closed down -3.28 points or -2.01% at $159.7 with 3,90,989 shares getting traded on Tuesday. Post opening the session at $163.13, the shares hit an intraday low of $158.43 and an intraday high of $163.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Lennox International reported $2.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $2.35. The company had revenue of $1019.00 million for the quarter, compared to analysts expectations of $1046.10 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS.

Many Wall Street Analysts have commented on Lennox International. Lennox International was Downgraded by Susquehanna to ” Neutral” on Aug 15, 2016. Company shares were Reiterated by UBS on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 170 from a previous price target of $157 .

Lennox International Inc. (LII) is a provider of climate control solutions. The Company designs manufactures and market a range of products for the heating ventilation air conditioning and refrigeration (HVACR) markets. The Company operates in three segments. The Residential Heating & Cooling segment’s products and services include furnaces air conditioners heat pumps packaged heating and cooling systems indoor air equipment comfort control products and replacement parts. The Commercial Heating & Cooling segment’s products and services include unitary heating and air conditioning equipment applied systems controls installation and service of commercial heating and cooling equipment. The Refrigeration segment’s products and services include condensing units unit coolers fluid coolers air cooled condensers air handlers process chillers controls compressorized racks supermarket display cases and systems.

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