Achmea Investment Management B.V. Buys 5,673 Shares of Lennox International Inc. (NYSE:LII)

Achmea Investment Management B.V. raised its stake in shares of Lennox International Inc. (NYSE:LII) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,311 shares of the construction company’s stock after acquiring an additional 5,673 shares during the period. Lennox International comprises approximately 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 22nd largest holding. Achmea Investment Management B.V.’s holdings in Lennox International were worth $44,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Innealta Capital LLC bought a new stake in shares of Lennox International during the 2nd quarter worth $33,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Lennox International by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 68 shares of the construction company’s stock worth $36,000 after purchasing an additional 19 shares during the period. Rise Advisors LLC bought a new stake in shares of Lennox International during the 1st quarter worth $41,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Lennox International in the 2nd quarter worth about $65,000. Finally, Bessemer Group Inc. increased its holdings in Lennox International by 403.3% in the 1st quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock worth $73,000 after acquiring an additional 121 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Up 1.6 %

Shares of NYSE LII opened at $567.01 on Thursday. Lennox International Inc. has a 12 month low of $334.53 and a 12 month high of $594.65. The company has a current ratio of 1.60, a quick ratio of 0.90 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 32.85, a PEG ratio of 1.77 and a beta of 1.07. The business has a 50-day moving average of $562.89 and a 200-day moving average of $515.91.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, July 24th. The construction company reported $6.83 earnings per share for the quarter, topping analysts’ consensus estimates of $6.55 by $0.28. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 198.36% and a net margin of 12.85%. Lennox International’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.15 EPS. Sell-side analysts expect that Lennox International Inc. will post 20.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Prakash Bedapudi sold 5,374 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $584.00, for a total value of $3,138,416.00. Following the completion of the sale, the executive vice president now owns 16,162 shares in the company, valued at approximately $9,438,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd J. Teske sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $574.05, for a total value of $1,148,100.00. Following the completion of the sale, the director now owns 8,411 shares of the company’s stock, valued at approximately $4,828,334.55. The disclosure for this sale can be found here. Insiders sold 13,052 shares of company stock worth $7,563,793 in the last quarter. 10.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. KeyCorp lifted their price objective on Lennox International from $515.00 to $600.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Royal Bank of Canada lifted their price objective on Lennox International from $566.00 to $572.00 and gave the stock a “sector perform” rating in a report on Thursday, July 25th. Barclays lifted their price objective on Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. The Goldman Sachs Group lifted their price objective on Lennox International from $507.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company lowered Lennox International from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $550.00 to $570.00 in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $543.62.

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.