BI Asset Management Fondsmaeglerselskab A S Decreases Stake 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 decreased its holdings in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 65.6% during the first quarter, according to its most recent 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Lennox International by 8.9% in the 1st quarter. Farther Finance Advisors LLC now owns 576 shares of the construction company's stock valued at $325,000 after purchasing an additional 47 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Lennox International by 24.0% in the 1st quarter. GAMMA Investing LLC now owns 636 shares of the construction company's stock valued at $357,000 after purchasing an additional 123 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Lennox International by 227.4% in the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after purchasing an additional 52,888 shares in the last quarter. Achmea Investment Management B.V. lifted its holdings in Lennox International by 22.4% in the 1st quarter. Achmea Investment Management B.V. now owns 91,338 shares of the construction company's stock valued at $51,225,000 after purchasing an additional 16,711 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Lennox International by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,815 shares of the construction company's stock valued at $35,229,000 after purchasing an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company's stock.

Wall Street Analysts Forecast Growth

LII has been the topic of a number of research reports. UBS Group raised their price objective on Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Oppenheimer raised their price objective on Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Robert W. Baird raised their target price on Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Barclays raised their target price on Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a research note on Friday, May 16th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $635.33.

Lennox International Trading Down 3.4%

Shares of NYSE:LII traded down $20.1450 during midday trading on Monday, reaching $571.7750. 257,564 shares of the company's stock were exchanged, compared to its average volume of 403,340. The firm's 50 day simple moving average is $596.95 and its two-hundred day simple moving average is $581.30. 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 cap of $20.08 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.90 and a beta of 1.10. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.90 by $0.92. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, sell-side analysts forecast that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International declared that its board has authorized 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 repurchase up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other Lennox International news, EVP Daniel M. Sessa sold 2,782 shares of Lennox International stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total value of $1,864,051.28. Following the completion of the transaction, the executive vice president directly owned 31,574 shares of the company's stock, valued at $21,155,842.96. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction dated 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 directly owned 1,282 shares of the company's stock, valued at approximately $758,764.52. This represents a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.73% of the company's stock.

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.