Lennox International, Inc. (NYSE:LII) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. boosted its holdings in Lennox International, Inc. (NYSE:LII - Free Report) by 22.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 91,338 shares of the construction company's stock after buying an additional 16,711 shares during the period. Lennox International makes up about 0.7% of Achmea Investment Management B.V.'s investment portfolio, making the stock its 26th largest position. Achmea Investment Management B.V. owned 0.26% of Lennox International worth $51,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Lennox International by 55.7% in the 4th quarter. Geode Capital Management LLC now owns 889,032 shares of the construction company's stock valued at $542,374,000 after buying an additional 317,937 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Lennox International by 69,429.8% during the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after buying an additional 356,175 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after purchasing an additional 78,406 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Lennox International by 227.4% in the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after buying an additional 52,888 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Lennox International by 6.4% during the 1st quarter. Rhumbline Advisers now owns 67,372 shares of the construction company's stock worth $37,784,000 after purchasing an additional 4,047 shares during the period. Institutional investors and hedge funds own 67.07% of the company's stock.

Lennox International Price Performance

Shares of NYSE LII opened at $565.81 on Friday. Lennox International, Inc. has a twelve month low of $500.10 and a twelve month high of $682.50. The company has a current ratio of 1.43, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average of $561.30 and a two-hundred day moving average of $588.35. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.08 and a beta of 1.14.

Lennox International (NYSE:LII - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.25 by $0.12. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. Lennox International had a net margin of 14.96% and a return on equity of 106.05%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.47 earnings per share. As a group, analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International declared that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Lennox International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, May 30th will be given a dividend of $1.30 per share. The ex-dividend date is Monday, June 30th. This is a positive change from Lennox International's previous quarterly dividend of $1.15. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.92%. Lennox International's payout ratio is 20.50%.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 509 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $568.05, for a total value of $289,137.45. Following the transaction, the chief accounting officer now directly owns 1,582 shares of the company's stock, valued at approximately $898,655.10. This represents a 24.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LII. Royal Bank Of Canada upped their price target on shares of Lennox International from $580.00 to $582.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 24th. Oppenheimer upgraded shares of Lennox International from a "market perform" rating to an "outperform" rating and set a $600.00 target price for the company in a research report on Thursday, April 24th. Morgan Stanley dropped their price target on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reduced their price objective on Lennox International from $550.00 to $500.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Finally, Stephens restated an "overweight" rating and issued a $750.00 target price on shares of Lennox International in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $582.46.

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.

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