As Bank Of New York Mellon (BK) Stock Declined, Investec Asset Management North America Has Cut Its Holding; Lennox International (LII) Valuation Declined While Hilton Capital Management Has Boosted by $1.02 Million Its Position

May 21, 2018 - By Migdalia James

The Bank of New York Mellon Corporation (NYSE:BK) Logo

Investec Asset Management North America Inc decreased its stake in Bank Of New York Mellon Corp (BK) by 84.19% based on its latest 2017Q4 regulatory filing with the SEC. Investec Asset Management North America Inc sold 209,870 shares as the company’s stock declined 6.07% with the market. The institutional investor held 39,415 shares of the major banks company at the end of 2017Q4, valued at $2.12M, down from 249,285 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in Bank Of New York Mellon Corp for a number of months, seems to be less bullish one the $58.23B market cap company. The stock increased 1.15% or $0.653 during the last trading session, reaching $57.612. About 1.31M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 9.66% since May 21, 2017 and is uptrending. It has underperformed by 1.89% the S&P500.

Hilton Capital Management Llc increased its stake in Lennox International Inc. (LII) by 7.92% based on its latest 2017Q4 regulatory filing with the SEC. Hilton Capital Management Llc bought 4,913 shares as the company’s stock declined 1.86% with the market. The hedge fund held 66,976 shares of the capital goods company at the end of 2017Q4, valued at $13.95 million, up from 62,063 at the end of the previous reported quarter. Hilton Capital Management Llc who had been investing in Lennox International Inc. for a number of months, seems to be bullish on the $8.46 billion market cap company. The stock increased 0.61% or $1.253 during the last trading session, reaching $205.113. About 53,404 shares traded. Lennox International Inc. (NYSE:LII) has risen 18.72% since May 21, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Hilton Capital Management Llc, which manages about $589.79 million and $662.40 million US Long portfolio, decreased its stake in Vanguard Int (VCIT) by 7,221 shares to 121,927 shares, valued at $10.66 million in 2017Q4, according to the filing. It also reduced its holding in Vanguard S/T Corp Bond Etf (Prn) (VCSH) by 3,949 shares in the quarter, leaving it with 220,425 shares, and cut its stake in Ishares Iboxx Investment Grade Corp Bond (Prn) (LQD).

More news for Lennox International Inc. (NYSE:LII) were recently published by: Seekingalpha.com, which released: “More on Lennox’s Q1 beat” on April 23, 2018. Seekingalpha.com‘s article titled: “Home Repair Projects And Eventual Infrastructure Spending Will Benefit These 5 Housing-Related Stocks” and published on May 20, 2018 is yet another important article.

Since December 12, 2017, it had 0 insider purchases, and 16 sales for $18.76 million activity. Bluedorn Todd M sold $1.69 million worth of stock. SCHMIDT PAUL W sold $204,000 worth of stock or 1,000 shares. JOHNSTON TERRY L had sold 4,556 shares worth $927,146. Kosel Chris had sold 754 shares worth $154,096 on Friday, December 15. Shares for $200,000 were sold by MAJOR JOHN E on Friday, May 4. Shares for $1.27 million were sold by Sessa Daniel M on Thursday, March 15.

Among 16 analysts covering Lennox International Inc. (NYSE:LII), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. Lennox International Inc. had 60 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, October 10, the company rating was maintained by Cowen & Co. Susquehanna downgraded Lennox International Inc. (NYSE:LII) on Monday, August 15 to “Neutral” rating. The firm has “Hold” rating by Wells Fargo given on Thursday, December 14. The rating was downgraded by Vertical Research on Wednesday, August 26 to “Hold”. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. Susquehanna maintained the stock with “Hold” rating in Wednesday, February 7 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, December 14 report. The firm has “Buy” rating by Seaport Global given on Tuesday, April 19. The firm has “Buy” rating given on Monday, October 23 by Robert W. Baird. Stifel Nicolaus maintained Lennox International Inc. (NYSE:LII) rating on Tuesday, April 24. Stifel Nicolaus has “Hold” rating and $210 target.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.02, from 1.09 in 2017Q3. It turned negative, as 23 investors sold LII shares while 107 reduced holdings. 62 funds opened positions while 77 raised stakes. 27.83 million shares or 1.66% less from 28.30 million shares in 2017Q3 were reported. Raymond James & Assocs accumulated 3,814 shares or 0% of the stock. Advisor Ptnrs Llc has invested 0.04% in Lennox International Inc. (NYSE:LII). Brown Brothers Harriman & has 0% invested in Lennox International Inc. (NYSE:LII) for 10 shares. Shell Asset Management has invested 0.01% in Lennox International Inc. (NYSE:LII). Pitcairn Communication reported 967 shares stake. Profund Advsrs Limited invested 0.04% in Lennox International Inc. (NYSE:LII). 4,454 are owned by Bb&T Secs. Bluemountain Cap Mgmt Limited Liability Company reported 8,254 shares. Old Fincl Bank In invested in 0.32% or 29,871 shares. Co National Bank & Trust holds 5,301 shares or 0.01% of its portfolio. Fmr Limited Liability Corp owns 80,007 shares for 0% of their portfolio. Whittier stated it has 0% of its portfolio in Lennox International Inc. (NYSE:LII). Bokf Na has invested 0.1% in Lennox International Inc. (NYSE:LII). Stratos Wealth Ptnrs Ltd owns 6 shares for 0% of their portfolio. Hbk Invests Limited Partnership holds 20,735 shares.

Investec Asset Management North America Inc, which manages about $2.91B and $629.65 million US Long portfolio, upped its stake in Honeywell International Inc (NYSE:HON) by 65,497 shares to 90,312 shares, valued at $13.85 million in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 6,493 shares in the quarter, for a total of 191,303 shares, and has risen its stake in Morgan Stanley Intl Ltd (NYSE:MS).

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, May 26, the company rating was maintained by Bank of America. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Equal-Weight” rating by Morgan Stanley on Friday, October 21. Jefferies maintained the stock with “Hold” rating in Monday, June 19 report. The firm earned “Neutral” rating on Monday, November 21 by Buckingham Research. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank on Tuesday, January 26. Raymond James upgraded The Bank of New York Mellon Corporation (NYSE:BK) rating on Wednesday, December 28. Raymond James has “Strong Buy” rating and $5 target. The rating was maintained by Deutsche Bank on Friday, August 5 with “Buy”. The stock has “Hold” rating by Jefferies on Thursday, April 5. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Buy” rating by Deutsche Bank on Friday, April 6. The rating was maintained by Sandler O’Neill on Thursday, April 19 with “Hold”.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.02, from 1.01 in 2017Q3. It fall, as 39 investors sold BK shares while 318 reduced holdings. 99 funds opened positions while 253 raised stakes. 824.52 million shares or 0.99% less from 832.75 million shares in 2017Q3 were reported. Deutsche Comml Bank Ag has 4.93M shares. Whitnell And stated it has 17,375 shares. Ameritas Invest Prtnrs reported 0.05% stake. Great West Life Assurance Can holds 1.29 million shares. Rockland Tru Com holds 0.04% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 5,399 shares. 33,851 are held by Next Fincl Gru Incorporated. Jpmorgan Chase And Communications reported 0.11% stake. Prudential Public Limited Co accumulated 3.04 million shares. Mu Ltd holds 0.02% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 420 shares. Gradient reported 1,592 shares. Bp Public Limited Liability Company owns 194,000 shares or 0.37% of their US portfolio. Ledyard Bancorp holds 3,446 shares or 0.02% of its portfolio. Cannell Peter B stated it has 0.84% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Golub Gru Llc stated it has 567,960 shares or 2.78% of all its holdings. Dowling & Yahnke Ltd Liability accumulated 71,211 shares.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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