Applied Finance Capital Management LLC Invests $508,000 in Lennox International, Inc. $LII

Key Points

• Applied Finance Capital Management LLC invested approximately $508,000 in Lennox International, acquiring 887 shares during the second quarter, according to a recent SEC filing.
• Insiders at Lennox International have sold significant amounts of stock recently, with EVP Daniel M. Sessa selling 2,782 shares for over $1.86 million, indicating a decrease in their ownership.
• Wall Street analysts remain mixed on Lennox International, with an average rating of "Hold" and a consensus price target of $606.00 for the stock.

Applied Finance Capital Management LLC purchased a new position in shares of Lennox International, Inc. (NYSE:LII - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 887 shares of the construction company's stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LII. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Lennox International by 175.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock worth $46,000 after purchasing an additional 51 shares during the period. Steph & Co. purchased a new position in shares of Lennox International during the 2nd quarter worth approximately $80,000. Inlight Wealth Management LLC purchased a new position in shares of Lennox International during the 1st quarter worth approximately $114,000. Horizon Investments LLC purchased a new position in shares of Lennox International during the 1st quarter worth approximately $257,000. Finally, GAMMA Investing LLC boosted its position in shares of Lennox International by 24.0% during the 1st quarter. GAMMA Investing LLC now owns 636 shares of the construction company's stock worth $357,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 67.07% of the company's stock.

Insider Transactions at Lennox International

In related news, EVP Daniel M. Sessa sold 2,782 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 31,574 shares of the company's stock, valued at approximately $21,155,842.96. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Kosel sold 300 shares of the business'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 directly owned 1,282 shares in the company, valued at approximately $758,764.52. This represents a 18.96% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LII shares. Wells Fargo & Company raised shares of Lennox International from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $675.00 to $575.00 in a research report on Monday, October 6th. Barclays decreased their price target on shares of Lennox International from $753.00 to $730.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. Mizuho decreased their price target on shares of Lennox International from $650.00 to $565.00 and set a "neutral" rating for the company in a research report on Friday. Robert W. Baird raised their price target on shares of Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Lennox International in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $606.00.

Lennox International Price Performance

Shares of NYSE:LII opened at $523.87 on Friday. The company's fifty day moving average price is $554.77 and its 200 day moving average price is $568.02. Lennox International, Inc. has a 12 month low of $500.10 and a 12 month 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. The firm has a market capitalization of $18.40 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.88 and a beta of 1.10.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. Lennox International's quarterly revenue was up 3.4% on a year-over-year basis. During the same period 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. As a group, sell-side analysts predict that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 30th. Lennox International's payout ratio is 22.23%.

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.

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