MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Holdings in Lennox International Inc. (NYSE:LII)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Lennox International Inc. (NYSE:LII) by 46.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,550 shares of the construction company’s stock after purchasing 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 SEC filing.

Several other hedge funds have also made changes to their positions in LII. Toronto Dominion Bank boosted its holdings in Lennox International by 2.2% in the second quarter. Toronto Dominion Bank now owns 3,119 shares of the construction company’s stock valued at $1,669,000 after purchasing an additional 66 shares during the period. Dorsey Wright & Associates raised its position in Lennox International by 2.6% in the 2nd quarter. Dorsey Wright & Associates now owns 3,768 shares of the construction company’s stock valued at $2,016,000 after purchasing an additional 96 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Lennox International in the 2nd quarter valued at about $11,115,000. Magnolia Capital Advisors LLC acquired a new position in shares of Lennox International during the second quarter worth about $300,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Lennox International by 22.4% during the third quarter. Handelsbanken Fonder AB now owns 6,000 shares of the construction company’s stock worth $3,626,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 67.07% of the company’s stock.

Insider Activity at Lennox International

In other news, Director Todd J. Teske sold 500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $675.52, for a total value of $337,760.00. Following the completion of the transaction, the director now owns 7,911 shares in the company, valued at $5,344,038.72. This trade represents a 5.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Chris Kosel sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $625.49, for a total transaction of $125,098.00. Following the completion of the sale, the chief accounting officer now owns 1,446 shares of the company’s stock, valued at $904,458.54. This trade represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,525 shares of company stock worth $992,443 over the last 90 days. Company insiders own 10.40% of the company’s stock.

Lennox International Trading Up 0.6 %

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

Lennox International (NYSE:LII) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.95 by $0.73. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.42 billion. Lennox International had a net margin of 14.63% and a return on equity of 148.52%. Lennox International’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $5.37 EPS. Equities analysts forecast that Lennox International Inc. will post 21.2 EPS for the current year.

Lennox International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Lennox International from $570.00 to $615.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Northcoast Research initiated coverage on Lennox International in a report on Friday, November 22nd. They set a “sell” rating and a $475.00 price target for the company. UBS Group increased their price objective on Lennox International from $575.00 to $625.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. KeyCorp cut Lennox International from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley assumed coverage on shares of Lennox International in a research note on Monday, January 6th. They issued an “underweight” rating and a $595.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $590.50.

Lennox International Company 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.