6,537 Shares in Lennox International, Inc. $LII Bought by NewEdge Wealth LLC

Key Points

• NewEdge Wealth LLC acquired 6,537 Lennox International shares during the second quarter, valued at approximately $3.75 million. Institutional investors collectively own 67.07% of the company.
• Lennox shares fell 3.3% to $405.37, near the company’s 12-month low of $404.20 and well below its 50-day and 200-day moving averages.
• The company slightly exceeded quarterly EPS expectations with $7.72, while revenue rose 3% year over year to $1.55 billion. Analysts maintain a consensus “Hold” rating with an average price target of $546.58.

NewEdge Wealth LLC acquired a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,537 shares of the construction company's stock, valued at approximately $3,745,000.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC lifted its holdings in Lennox International by 137.9% in the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company's stock worth $32,000 after buying an additional 40 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Lennox International during the 2nd quarter worth approximately $37,000. Huntington National Bank raised its position in shares of Lennox International by 51.8% in the 4th quarter. Huntington National Bank now owns 85 shares of the construction company's stock worth $41,000 after acquiring an additional 29 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Lennox International in the 2nd quarter worth approximately $50,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Lennox International in the 2nd quarter valued at approximately $54,000. 67.07% of the stock is owned by institutional investors.

Lennox International Stock Down 3.3%

Shares of NYSE:LII opened at $405.37 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $505.37 and a two-hundred day simple moving average of $506.84. Lennox International, Inc. has a 12-month low of $404.20 and a 12-month high of $597.81. The stock has a market capitalization of $14.01 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.65 and a beta of 1.19.

Lennox International (NYSE:LII - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping analysts' consensus estimates of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the firm posted $7.82 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, research analysts anticipate that Lennox International, Inc. will post 23.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

LII has been the subject of a number of research reports. Weiss Ratings downgraded Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Barclays dropped their target price on shares of Lennox International from $600.00 to $597.00 and set an "overweight" rating on the stock in a report on Thursday, April 30th. Royal Bank Of Canada decreased their price target on shares of Lennox International from $579.00 to $469.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group lowered their price target on shares of Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Lennox International from $480.00 to $555.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $546.58.

Lennox International Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.

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