BI Asset Management Fondsmaeglerselskab A S Has $3.29 Million Stock Position in Lennox International, Inc. $LII

Key Points

• BI Asset Management Fondsmaeglerselskab A S has significantly reduced its holdings in Lennox International, Inc. by 65.6%, selling 11,204 shares and now owning only 5,864 shares valued at approximately $3.29 million.
• Lennox reported a quarterly earnings per share (EPS) of $7.82, exceeding analyst expectations of $6.90, and a revenue increase of 3.4% year-over-year, amounting to $1.50 billion.
• The company has authorized a share buyback program of up to $1.00 billion, indicating management's belief that the stock is currently undervalued.

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 65.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,864 shares of the construction company's stock after selling 11,204 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Lennox International were worth $3,289,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LII. EverSource Wealth Advisors LLC grew its position in shares of Lennox International by 20.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,141 shares of the construction company's stock valued at $640,000 after purchasing an additional 191 shares during the last quarter. Horizon Investments LLC acquired a new stake in shares of Lennox International in the first quarter valued at about $257,000. Russell Investments Group Ltd. grew its position in shares of Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after purchasing an additional 50,188 shares during the last quarter. Forsta AP Fonden grew its position in Lennox International by 127.3% during the first quarter. Forsta AP Fonden now owns 17,500 shares of the construction company's stock worth $9,815,000 after buying an additional 9,800 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its stake in Lennox International by 236.5% during the first quarter. iA Global Asset Management Inc. now owns 2,359 shares of the construction company's stock valued at $1,323,000 after acquiring an additional 1,658 shares during the period. 67.07% of the stock is currently owned by institutional investors.

Insider Activity at Lennox International

In related news, CAO Chris Kosel sold 300 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the transaction, the chief accounting officer owned 1,282 shares in the company, valued at $758,764.52. The trade was a 18.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction 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. Insiders own 10.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on LII shares. Wells Fargo & Company raised their price objective on Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised their price objective on Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Oppenheimer raised their price objective on Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. UBS Group raised their price objective on Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Barclays raised their price objective on Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Lennox International presently has an average rating of "Hold" and a consensus target price of $635.33.

Lennox International Price Performance

Shares of NYSE:LII traded down $5.82 during trading on Tuesday, reaching $564.72. The stock had a trading volume of 63,501 shares, compared to its average volume of 402,185. Lennox International, Inc. has a 52 week low of $500.10 and a 52 week high of $689.44. The business's 50-day moving average price is $597.51 and its 200 day moving average price is $581.27. 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 stock has a market capitalization of $19.83 billion, a PE ratio of 24.14, a P/E/G ratio of 1.90 and a beta of 1.10.

Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the company posted $6.83 earnings per share. Lennox International's quarterly revenue was up 3.4% compared to the same quarter last year. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, equities analysts predict that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

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.