Achmea Investment Management B.V. cut its stake in shares of Lennox International, Inc. (NYSE:LII – Free Report) by 3.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,071 shares of the construction company’s stock after selling 2,822 shares during the period. Achmea Investment Management B.V. owned about 0.26% of Lennox International worth $48,209,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in LII. Ameriprise Financial Inc. lifted its holdings in Lennox International by 18.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company’s stock worth $45,043,000 after purchasing an additional 13,281 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Lennox International by 4.0% in the second quarter. Rhumbline Advisers now owns 70,082 shares of the construction company’s stock valued at $40,174,000 after buying an additional 2,710 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Lennox International by 3.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 67,766 shares of the construction company’s stock worth $35,873,000 after purchasing an additional 2,276 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Lennox International by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 66,080 shares of the construction company’s stock valued at $34,980,000 after acquiring an additional 488 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Lennox International by 55.6% in the 3rd quarter. SG Americas Securities LLC now owns 49,456 shares of the construction company’s stock worth $26,180,000 after buying an additional 17,673 shares in the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.
Lennox International Stock Performance
NYSE:LII opened at $486.39 on Wednesday. Lennox International, Inc. has a 1-year low of $443.19 and a 1-year high of $689.44. The company has a current ratio of 1.60, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market cap of $16.93 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. The stock’s 50-day moving average is $526.75 and its 200-day moving average is $516.93.
Insider Activity at Lennox International
In other news, Director Todd J. Teske sold 700 shares of Lennox International stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $533.45, for a total value of $373,415.00. Following the completion of the sale, the director owned 6,881 shares in the company, valued at $3,670,669.45. The trade was a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Chris Kosel sold 254 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $536.50, for a total transaction of $136,271.00. Following the transaction, the chief accounting officer owned 1,090 shares in the company, valued at $584,785. This represents a 18.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,054 shares of company stock worth $563,687 over the last quarter. Company insiders own 10.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on LII shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Lennox International in a report on Thursday, January 22nd. Oppenheimer upped their price target on Lennox International from $630.00 to $645.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Wells Fargo & Company increased their price objective on shares of Lennox International from $520.00 to $560.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Morgan Stanley cut their target price on Lennox International from $475.00 to $450.00 and set an “underweight” rating on the stock in a research note on Monday, February 2nd. Finally, UBS Group began coverage on shares of Lennox International in a research report on Monday, January 5th. They set a “neutral” rating and a $530.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Lennox International presently has an average rating of “Hold” and a consensus price target of $579.64.
Read Our Latest Research Report on LII
Lennox International Profile
Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.
Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.
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