MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 3,330 Shares of Lennox International Inc. (NYSE:LII)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Lennox International Inc. (NYSE:LII) by 46.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,550 shares of the construction company’s stock after buying an additional 3,330 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Lennox International were worth $6,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Driehaus Capital Management LLC purchased a new position in shares of Lennox International in the 2nd quarter valued at $11,115,000. Geode Capital Management LLC grew its stake in Lennox International by 2.2% in the third quarter. Geode Capital Management LLC now owns 571,095 shares of the construction company’s stock valued at $345,645,000 after purchasing an additional 12,183 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Lennox International by 1,065.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,670 shares of the construction company’s stock valued at $4,635,000 after purchasing an additional 7,012 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Lennox International by 26.9% in the third quarter. BNP Paribas Financial Markets now owns 23,261 shares of the construction company’s stock worth $14,056,000 after purchasing an additional 4,927 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Lennox International by 3.8% during the third quarter. New York State Common Retirement Fund now owns 55,113 shares of the construction company’s stock valued at $33,304,000 after buying an additional 2,013 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

Insider Transactions at Lennox International

In other Lennox International news, Director Sherry Buck sold 500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $660.74, for a total value of $330,370.00. Following the completion of the sale, the director now directly owns 1,693 shares of the company’s stock, valued at $1,118,632.82. This trade represents a 22.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shane D. Wall sold 325 shares of Lennox International stock in a transaction on Monday, October 28th. The stock was sold at an average price of $612.97, for a total value of $199,215.25. Following the transaction, the director now owns 2,035 shares in the company, valued at approximately $1,247,393.95. This represents a 13.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,525 shares of company stock valued at $992,443 over the last 90 days. 10.40% of the stock is currently owned by corporate insiders.

Lennox International Stock Up 0.6 %

Shares of LII opened at $667.26 on Friday. The firm has a market cap of $23.77 billion, a P/E ratio of 31.68, a PEG ratio of 1.95 and a beta of 1.11. Lennox International Inc. has a 12 month low of $412.09 and a 12 month high of $682.50. The stock’s 50 day moving average is $639.87 and its two-hundred day moving average is $603.99. The company has a current ratio of 1.39, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, topping the consensus estimate of $5.95 by $0.73. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.37 EPS. Analysts predict that Lennox International Inc. will post 21.2 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, December 31st. Lennox International’s payout ratio is 21.84%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LII. Robert W. Baird lifted their price objective on shares of Lennox International from $648.00 to $656.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Morgan Stanley initiated coverage on Lennox International in a research report on Monday, January 6th. They issued an “underweight” rating and a $595.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Mizuho increased their price objective on shares of Lennox International from $650.00 to $675.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lennox International has an average rating of “Hold” and an average target price of $590.50.

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.