Bank of Nova Scotia Takes $1.89 Million Position in Lennox International, Inc. $LII

Key Points

• Bank of Nova Scotia bought 3,303 Lennox International shares in the second quarter, worth approximately $1.89 million. Institutional investors and hedge funds collectively own 67.07% of the company.
• Lennox reported quarterly earnings of $7.72 per share, slightly exceeding estimates, while revenue reached $1.55 billion and increased 3% year over year. Management guided to fiscal 2026 earnings of $23.00–$24.00 per share.
• Analyst sentiment remains mixed, with five Buy, nine Hold, and two Sell ratings; the stock carries a consensus “Hold” rating and an average price target of $546.58, well above its reported $394.49 share price.

Bank of Nova Scotia purchased a new position in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,303 shares of the construction company's stock, valued at approximately $1,892,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Lennox International during the 2nd quarter valued at approximately $1,704,846,000. Deutsche Bank AG acquired a new position in shares of Lennox International in the 2nd quarter valued at approximately $159,181,000. Campbell Newman Asset Management Inc. acquired a new position in shares of Lennox International in the 1st quarter valued at approximately $17,555,000. Pacer Advisors Inc. boosted its stake in shares of Lennox International by 45.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,667 shares of the construction company's stock valued at $3,237,000 after buying an additional 2,095 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Lennox International by 78.0% during the 1st quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company's stock valued at $26,361,000 after buying an additional 24,893 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company's stock.

Lennox International Stock Performance

Lennox International stock opened at $394.49 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. Lennox International, Inc. has a 12 month low of $387.45 and a 12 month high of $587.27. The company has a fifty day moving average price of $495.50 and a two-hundred day moving average price of $503.53. The company has a market cap of $13.63 billion, a PE ratio of 17.83, a P/E/G ratio of 1.53 and a beta of 1.19.

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 for the quarter, beating analysts' consensus estimates of $7.67 by $0.05. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Research analysts expect that Lennox International, Inc. will post 23.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LII. Royal Bank Of Canada dropped their price target on shares of Lennox International from $579.00 to $469.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Barclays reduced their price objective on shares of Lennox International from $600.00 to $597.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. William Blair reissued an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. The Goldman Sachs Group dropped their target price on shares of Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, Wells Fargo & Company upped 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. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lennox International presently has an average rating of "Hold" and an average price target of $546.58.

Lennox International Profile

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.

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