Van Lanschot Kempen Investment Management N.V. Sells 98 Shares of Lennox International Inc. (NYSE:LII)

Van Lanschot Kempen Investment Management N.V. cut its holdings in Lennox International Inc. (NYSE:LII) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,657 shares of the construction company’s stock after selling 98 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Lennox International were worth $5,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Lennox International during the 3rd quarter valued at $27,000. Bessemer Group Inc. raised its position in Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company’s stock worth $60,000 after acquiring an additional 33 shares during the period. Private Trust Co. NA boosted its stake in Lennox International by 62.5% in the fourth quarter. Private Trust Co. NA now owns 117 shares of the construction company’s stock valued at $71,000 after acquiring an additional 45 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Lennox International during the 3rd quarter valued at approximately $124,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Lennox International by 1,650.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 210 shares of the construction company’s stock valued at $128,000 after acquiring an additional 198 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LII has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Lennox International from $617.00 to $642.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. UBS Group increased 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. Morgan Stanley initiated coverage on shares of Lennox International in a report on Monday, January 6th. They set an “underweight” rating and a $595.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Lennox International from $565.00 to $455.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, Stephens restated an “overweight” rating and set a $750.00 price target on shares of Lennox International in a research note on Friday, March 7th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lennox International currently has an average rating of “Hold” and an average target price of $606.15.

Lennox International Price Performance

Shares of NYSE LII opened at $542.64 on Tuesday. The stock’s 50-day simple moving average is $578.67 and its two-hundred day simple moving average is $608.96. Lennox International Inc. has a twelve month low of $445.63 and a twelve month high of $682.50. The firm has a market capitalization of $19.26 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 0.98.

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

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Wednesday, April 30th. Lennox International’s payout ratio is currently 20.41%.

Insider Buying and Selling

In related news, CAO Chris Kosel sold 194 shares of Lennox International stock in a transaction on Friday, February 21st. The shares were sold at an average price of $644.20, for a total value of $124,974.80. Following the transaction, the chief accounting officer now owns 1,282 shares in the company, valued at $825,864.40. This trade represents a 13.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.40% of the stock is currently owned by corporate insiders.

About Lennox International

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.