AG2R LA Mondiale Gestion D Actifs Acquires Shares of 2,460 Lennox International, Inc. $LII

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 2,460 shares of Lennox International, Inc., valued at approximately $1,389,000, during the first quarter.
• Recent analyst reports have seen target prices for Lennox International increased by firms such as Goldman Sachs, which raised it to $691.00, reflecting a general positive outlook despite mixed ratings.
• In its latest earnings report, Lennox International exceeded expectations, posting $7.82 EPS against an estimate of $6.90 and achieving a revenue of $1.50 billion, up 3.4% year-over-year.

AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,460 shares of the construction company's stock, valued at approximately $1,389,000.

Several other hedge funds have also bought and sold shares of the stock. Strs Ohio bought a new stake in Lennox International during the first quarter valued at approximately $1,419,000. United Services Automobile Association purchased a new position in shares of Lennox International during the first quarter worth approximately $410,000. Amundi raised its stake in shares of Lennox International by 33.1% during the first quarter. Amundi now owns 189,571 shares of the construction company's stock worth $103,661,000 after acquiring an additional 47,170 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Lennox International by 25.3% during the first quarter. Baird Financial Group Inc. now owns 91,595 shares of the construction company's stock worth $51,369,000 after acquiring an additional 18,502 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Lennox International by 39.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,089 shares of the construction company's stock worth $20,801,000 after acquiring an additional 10,469 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors.

Lennox International Trading Down 0.6%

NYSE:LII traded down $3.31 during trading hours on Thursday, hitting $542.62. The company had a trading volume of 268,564 shares, compared to its average volume of 402,223. The company has a market capitalization of $19.06 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The stock has a 50-day moving average price of $591.66 and a 200 day moving average price of $574.88. Lennox International, Inc. has a 52 week low of $500.10 and a 52 week high of $689.44. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, beating the consensus estimate of $6.90 by $0.92. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.83 earnings per share. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. On average, equities research analysts predict that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International announced that its board has authorized a stock repurchase 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 buy up to 5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have commented on LII. Barclays decreased their price target on shares of Lennox International from $753.00 to $730.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. Robert W. Baird raised their target price on shares of Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. UBS Group raised their target price on shares of Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Oppenheimer cut their target price on shares of Lennox International from $730.00 to $675.00 and set an "outperform" rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Lennox International has a consensus rating of "Hold" and an average target price of $628.83.

Insider Buying and Selling at Lennox International

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

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.