Quantitative Investment Management LLC Makes New Investment in Lennox International, Inc. $LII

Key Points

• Quantitative Investment Management LLC bought 1,468 shares of Lennox International, valued at approximately $823,000, as part of its new position in the company.
• Lennox International reported earnings of $7.82 per share for the last quarter, exceeding estimates of $6.90, along with a revenue of $1.50 billion, a 3.4% increase from the same period last year.
• The company has a stock buyback program authorized for up to $1 billion, indicating management's belief that its stock is undervalued.

Quantitative Investment Management LLC purchased a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,468 shares of the construction company's stock, valued at approximately $823,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Lennox International by 69,429.8% in the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after purchasing an additional 356,175 shares during the last quarter. Captrust Financial Advisors grew its stake in Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after purchasing an additional 78,406 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Lennox International by 227.4% in the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after purchasing an additional 52,888 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares during the last quarter. Finally, Jump Financial LLC grew its stake in Lennox International by 3,851.0% in the first quarter. Jump Financial LLC now owns 20,545 shares of the construction company's stock valued at $11,522,000 after purchasing an additional 20,025 shares during the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analyst Upgrades and Downgrades

LII has been the topic of several analyst reports. Barclays lifted their target price on Lennox International from $696.00 to $753.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their price target on Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research note on Friday, May 16th. Wells Fargo & Company boosted their price target on Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their price target on Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $635.33.

Lennox International Price Performance

Shares of NYSE:LII traded down $1.92 during midday trading on Friday, reaching $557.56. 199,051 shares of the company's stock traded hands, compared to its average volume of 402,976. The company has a fifty day simple moving average of $598.74 and a two-hundred day simple moving average of $580.91. Lennox International, Inc. has a 1 year low of $500.10 and a 1 year high of $689.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. The company has a market cap of $19.58 billion, a P/E ratio of 23.84, a PEG ratio of 1.82 and a beta of 1.10.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.90 by $0.92. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $6.83 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Equities analysts predict that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International declared that its board has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at Lennox International

In other news, CAO Chris Kosel sold 300 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the sale, the chief accounting officer owned 1,282 shares of the company's stock, valued at approximately $758,764.52. This trade represents a 18.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel M. Sessa sold 2,782 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total value of $1,864,051.28. Following the sale, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.73% of the company's stock.

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.