Achmea Investment Management B.V. Reduces Holdings in Lennox International Inc. (NYSE:LII)

Achmea Investment Management B.V. decreased its position in shares of Lennox International Inc. (NYSE:LII) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,627 shares of the construction company’s stock after selling 5,518 shares during the quarter. Lennox International makes up about 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 25th largest position. Achmea Investment Management B.V.’s holdings in Lennox International were worth $45,470,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LII. Wilmington Savings Fund Society FSB purchased a new position in shares of Lennox International during the third quarter worth about $27,000. First Horizon Advisors Inc. purchased a new position in shares of Lennox International during the third quarter worth about $39,000. Huntington National Bank grew its holdings in shares of Lennox International by 47.9% during the third quarter. Huntington National Bank now owns 71 shares of the construction company’s stock worth $43,000 after purchasing an additional 23 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Lennox International by 62.5% during 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 during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Lennox International during the third quarter worth about $77,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Lennox International Trading Up 0.7 %

Shares of LII stock opened at $570.09 on Thursday. The business’s fifty day moving average price is $614.82 and its 200 day moving average price is $615.04. Lennox International Inc. has a 1-year low of $445.63 and a 1-year high of $682.50. The firm has a market capitalization of $20.28 billion, a PE ratio of 25.29, a P/E/G ratio of 2.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.43 and a quick ratio of 0.90.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, January 29th. The construction company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.48. Lennox International had a return on equity of 126.79% and a net margin of 15.11%. As a group, sell-side analysts forecast that Lennox International Inc. will post 22.94 EPS for the current fiscal year.

Insider Activity

In other news, CAO Chris Kosel sold 194 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 1,282 shares in the company, valued at $825,864.40. This represents a 13.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Lennox International from $536.00 to $565.00 and gave the company an “underweight” rating in a research report on Thursday, January 30th. Royal Bank of Canada upped their price target on Lennox International from $617.00 to $642.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Wells Fargo & Company restated an “underweight” rating and set a $580.00 price target (down previously from $630.00) on shares of Lennox International in a research note on Monday, February 3rd. UBS Group upped their price target on Lennox International from $575.00 to $625.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley initiated coverage on Lennox International in a research note on Monday, January 6th. They set an “underweight” rating and a $595.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Lennox International has an average rating of “Hold” and a consensus target price of $614.62.

Lennox International Profile

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.