Bank of America Corp DE Takes $196.07 Million Position in Lennox International, Inc. $LII

Bank of America Corp DE purchased a new stake in Lennox International, Inc. (NYSE:LII - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 342,220 shares of the construction company's stock, valued at approximately $196,075,000. Bank of America Corp DE owned 0.99% of Lennox International as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Lennox International in the second quarter worth approximately $1,704,846,000. Deutsche Bank AG acquired a new stake in shares of Lennox International during the second quarter valued at approximately $159,181,000. Bank of New York Mellon Corp purchased a new stake in shares of Lennox International in the 2nd quarter valued at approximately $109,955,000. Legal & General Group Plc purchased a new stake in shares of Lennox International in the 2nd quarter valued at approximately $54,927,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Lennox International in the 2nd quarter worth approximately $44,075,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Lennox International in a research report on Wednesday, July 29th. The Goldman Sachs Group reduced their target price on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a report on Friday, July 31st. Weiss Ratings downgraded Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Morgan Stanley reduced their price objective on Lennox International from $450.00 to $375.00 and set an "underweight" rating for the company in a research note on Thursday, September 3rd. Finally, Royal Bank Of Canada decreased their price objective on Lennox International from $579.00 to $469.00 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Lennox International presently has a consensus rating of "Hold" and an average target price of $532.92.

Lennox International Trading Down 0.6%

Lennox International stock opened at $358.93 on Friday. Lennox International, Inc. has a 12 month low of $350.22 and a 12 month high of $587.27. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The stock has a market cap of $12.40 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.43 and a beta of 1.18. The company's fifty day simple moving average is $438.83 and its 200-day simple moving average is $483.64.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.67 by $0.05. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.Lennox International's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, sell-side analysts forecast that Lennox International, Inc. will post 23.54 EPS for the current fiscal year.

About Lennox International

Lennox International Inc NYSE: LII designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.

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