Bank of New York Mellon Corp purchased a new position in Lennox International, Inc. (NYSE:LII - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 191,910 shares of the construction company's stock, valued at approximately $109,955,000. Bank of New York Mellon Corp owned about 0.56% of Lennox International at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in Lennox International in the second quarter valued at $278,000. Maridea Wealth Management LLC acquired a new stake in Lennox International during the second quarter worth about $767,000. Handelsbanken Fonder AB lifted its stake in shares of Lennox International by 30.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 9,700 shares of the construction company's stock valued at $5,558,000 after purchasing an additional 2,280 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Lennox International by 21.4% in the 2nd quarter. GAMMA Investing LLC now owns 867 shares of the construction company's stock valued at $497,000 after purchasing an additional 153 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Lennox International by 11.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,445 shares of the construction company's stock worth $3,455,000 after purchasing an additional 778 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.
Lennox International Stock Down 0.9%
Shares of Lennox International stock opened at $399.30 on Tuesday. Lennox International, Inc. has a 1-year low of $394.80 and a 1-year high of $590.99. The company has a market capitalization of $13.80 billion, a PE ratio of 18.05, a P/E/G ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. The business has a 50-day moving average of $500.71 and a 200-day moving average of $505.42.
Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business posted $7.82 earnings per share. Lennox International's revenue for the quarter was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, equities analysts forecast that Lennox International, Inc. will post 23.69 EPS for the current fiscal year.
Analysts Set New Price Targets
LII has been the topic of several research reports. William Blair restated an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. Wells Fargo & Company raised their target price on shares of Lennox International from $480.00 to $555.00 and gave the company an "equal weight" rating in a research note on Thursday, April 30th. Vertical Research upgraded shares of Lennox International from a "hold" rating to a "buy" rating and set a $600.00 target price on the stock in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price target on Lennox International from $579.00 to $469.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Finally, The Goldman Sachs Group cut their price objective on Lennox International from $625.00 to $547.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $546.58.
Read Our Latest Analysis on LII
About Lennox International
(
Free Report)
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.
Further Reading
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