Achmea Investment Management B.V. Acquires New Stake in Lennox International Inc. (NYSE:LII)

Achmea Investment Management B.V. acquired a new stake in Lennox International Inc. (NYSE:LIIGet Rating) in the first quarter, Holdings Channel reports. The firm acquired 75,895 shares of the construction company’s stock, valued at approximately $19,570,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Eagle Bay Advisors LLC raised its position in shares of Lennox International by 65.3% in the 1st quarter. Eagle Bay Advisors LLC now owns 157 shares of the construction company’s stock worth $40,000 after acquiring an additional 62 shares in the last quarter. NuWave Investment Management LLC increased its holdings in Lennox International by 82.1% in the first quarter. NuWave Investment Management LLC now owns 173 shares of the construction company’s stock worth $45,000 after purchasing an additional 78 shares in the last quarter. Quent Capital LLC bought a new stake in Lennox International in the fourth quarter worth approximately $57,000. Tobam increased its holdings in Lennox International by 90.7% in the first quarter. Tobam now owns 225 shares of the construction company’s stock worth $58,000 after purchasing an additional 107 shares in the last quarter. Finally, Aureus Asset Management LLC bought a new stake in Lennox International in the fourth quarter worth approximately $206,000. 63.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 400 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $261.11, for a total value of $104,444.00. Following the completion of the transaction, the chief accounting officer now owns 1,897 shares in the company, valued at approximately $495,325.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lennox International news, CAO Chris Kosel sold 400 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $261.11, for a total value of $104,444.00. Following the completion of the transaction, the chief accounting officer now owns 1,897 shares in the company, valued at approximately $495,325.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel M. Sessa sold 2,213 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $243.40, for a total value of $538,644.20. Following the completion of the transaction, the executive vice president now owns 44,156 shares of the company’s stock, valued at approximately $10,747,570.40. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Lennox International Trading Up 0.1 %

Shares of Lennox International stock opened at $258.21 on Friday. The stock has a fifty day simple moving average of $238.78 and a 200 day simple moving average of $234.61. Lennox International Inc. has a 12-month low of $182.85 and a 12-month high of $334.78. The company has a market capitalization of $9.15 billion, a P/E ratio of 19.97 and a beta of 0.93.

Lennox International (NYSE:LIIGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The construction company reported $5.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.26. Lennox International had a negative return on equity of 134.81% and a net margin of 10.69%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $4.57 earnings per share. Lennox International’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Lennox International Inc. will post 14.23 EPS for the current year.

Lennox International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a dividend of $1.06 per share. The ex-dividend date is Tuesday, August 30th. This represents a $4.24 annualized dividend and a yield of 1.64%. Lennox International’s dividend payout ratio (DPR) is currently 32.79%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Credit Suisse Group set a $210.00 target price on Lennox International in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft lowered their target price on Lennox International from $335.00 to $292.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Cowen upgraded Lennox International from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a report on Friday, July 8th. Barclays lowered their target price on Lennox International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 8th. Finally, Morgan Stanley boosted their price objective on Lennox International from $255.00 to $268.00 and gave the company an “equal weight” rating in a report on Thursday, September 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $244.40.

Lennox International Company Profile

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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. It operates through three segments: Residential Heating & Cooling, Commercial Heating & Cooling, and Refrigeration.

Further Reading

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

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