Allstate Corp Has $782,000 Stake in Lennox International, Inc. $LII

Key Points

• Allstate Corp increased its stake in Lennox International by 48.7%, owning a total of 1,395 shares worth $782,000 as of its latest SEC filing.
• Lennox International's recent quarterly earnings exceeded expectations, reporting $7.82 earnings per share, and a revenue of $1.50 billion, up 3.4% year-over-year.
• The company's board authorized a $1 billion stock repurchase program, indicating confidence in the stock's current valuation.

Allstate Corp boosted its stake in Lennox International, Inc. (NYSE:LII - Free Report) by 48.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,395 shares of the construction company's stock after acquiring an additional 457 shares during the quarter. Allstate Corp's holdings in Lennox International were worth $782,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Lennox International by 69,429.8% during the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock worth $200,041,000 after buying an additional 356,175 shares during the period. Captrust Financial Advisors raised its position in Lennox International by 500.0% in the 4th quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after buying an additional 78,406 shares during the last quarter. BNP Paribas Financial Markets raised its position in Lennox International by 227.4% in the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after buying an additional 52,888 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Lennox International by 118.3% in the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after acquiring an additional 50,188 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Lennox International by 247.1% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company's stock worth $16,220,000 after acquiring an additional 18,950 shares during the last quarter. Institutional investors own 67.07% of the company's stock.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 300 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the transaction, the chief accounting officer directly owned 1,282 shares of the company's stock, valued at $758,764.52. This represents a 18.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Daniel M. Sessa sold 2,782 shares of Lennox International stock in a transaction on 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 of the company's stock, valued at $21,155,842.96. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. 9.73% of the stock is currently owned by corporate insiders.

Lennox International Stock Performance

LII stock traded down $2.55 during midday trading on Friday, reaching $556.93. 177,889 shares of the company were exchanged, compared to its average volume of 402,897. Lennox International, Inc. has a one year low of $500.10 and a one year high of $689.44. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. The business has a 50-day moving average price of $598.74 and a two-hundred day moving average price of $580.91. 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 announced its earnings results on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, topping the consensus estimate of $6.90 by $0.92. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. Lennox International's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Equities research analysts forecast that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International declared that its board has approved a share repurchase program on Thursday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LII shares. UBS Group boosted their price objective on shares of Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research note on Friday, May 16th. Oppenheimer boosted their price target on shares of Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Barclays increased their price objective on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company lifted their target price on Lennox International from $550.00 to $675.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $635.33.

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.