Lennox International Inc. (NYSE:LII) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. cut its holdings in shares of Lennox International Inc. (NYSE:LII) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,778 shares of the construction company’s stock after selling 391 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Lennox International were worth $5,231,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its stake in 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 buying an additional 19 shares during the period. Rise Advisors LLC purchased a new stake in shares of Lennox International during the first quarter worth $41,000. Bessemer Group Inc. raised its stake in shares of Lennox International by 403.3% in the first quarter. Bessemer Group Inc. now owns 151 shares of the construction company’s stock valued at $73,000 after acquiring an additional 121 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Lennox International in the fourth quarter valued at $80,000. Finally, V Square Quantitative Management LLC boosted its holdings in Lennox International by 66.0% in the fourth quarter. V Square Quantitative Management LLC now owns 352 shares of the construction company’s stock valued at $158,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird upped their price target on Lennox International from $505.00 to $610.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Wells Fargo & Company downgraded shares of Lennox International from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $550.00 to $570.00 in a research note on Wednesday, July 10th. TD Cowen increased their price objective on shares of Lennox International from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Stephens reaffirmed an “overweight” rating and set a $675.00 price objective on shares of Lennox International in a research report on Thursday, July 25th. Finally, Barclays boosted their target price on shares of Lennox International from $517.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Lennox International has an average rating of “Hold” and an average price target of $543.62.

Lennox International Stock Performance

Lennox International stock traded up $10.16 during midday trading on Friday, hitting $584.10. 195,162 shares of the company’s stock were exchanged, compared to its average volume of 283,597. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 1.60. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. Lennox International Inc. has a 12-month low of $334.53 and a 12-month high of $594.65. The firm’s 50 day simple moving average is $555.59 and its 200 day simple moving average is $504.42.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 24th. The construction company reported $6.83 EPS for the quarter, topping the consensus estimate of $6.55 by $0.28. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a net margin of 12.85% and a return on equity of 198.36%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.15 EPS. Equities research analysts predict that Lennox International Inc. will post 20.27 EPS for the current year.

Insider Buying and Selling at Lennox International

In other news, CAO Chris Kosel sold 1,744 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the sale, the chief accounting officer now owns 1,646 shares of the company’s stock, valued at approximately $944,458.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Todd J. Teske sold 2,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $574.05, for a total value of $1,148,100.00. Following the sale, the director now directly owns 8,411 shares in the company, valued at $4,828,334.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chris Kosel sold 1,744 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $573.79, for a total transaction of $1,000,689.76. Following the transaction, the chief accounting officer now directly owns 1,646 shares of the company’s stock, valued at $944,458.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,178 shares of company stock valued at $4,133,642. Corporate insiders own 10.40% of the company’s stock.

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.