BlackRock Inc. Invests $1.70 Billion in Lennox International, Inc. $LII

Key Points

• BlackRock purchased 2.98 million Lennox International shares in the second quarter, valued at approximately $1.70 billion, giving it an 8.61% stake. Institutional investors and hedge funds collectively owned 67.07% of LII.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $546.58; targets recently ranged from $469 to $600.
• Lennox reported quarterly EPS of $7.72, slightly above estimates, while revenue rose 3% year over year to $1.55 billion. The stock opened at $419.87, near its 52-week low of $407.94.

BlackRock Inc. purchased a new position in Lennox International, Inc. (NYSE:LII - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,975,559 shares of the construction company's stock, valued at approximately $1,704,846,000. BlackRock Inc. owned about 8.61% of Lennox International at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LII. Deutsche Bank AG bought a new position in Lennox International during the 2nd quarter valued at $159,181,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Lennox International in the 2nd quarter worth about $44,075,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Lennox International in the 2nd quarter valued at about $296,000. Simplicity Wealth LLC acquired a new stake in shares of Lennox International in the 2nd quarter valued at about $254,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Lennox International during the second quarter worth about $37,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on LII. Vertical Research upgraded Lennox International from a "hold" rating to a "buy" rating and set a $600.00 price target for the company in a research note on Thursday, April 30th. The Goldman Sachs Group reduced their target price on Lennox International from $625.00 to $547.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada decreased their target price 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. Wells Fargo & Company boosted their price target on Lennox International from $480.00 to $555.00 and gave the company an "equal weight" rating in a report on Thursday, April 30th. Finally, William Blair reissued an "outperform" rating on shares of Lennox International in a research report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Lennox International has a consensus rating of "Hold" and a consensus target price of $546.58.

Lennox International Stock Up 2.1%

NYSE:LII opened at $419.87 on Thursday. The firm has a market capitalization of $14.51 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.19. The stock has a 50 day moving average of $507.59 and a 200-day moving average of $507.46. Lennox International, Inc. has a 52 week low of $407.94 and a 52 week high of $615.75. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results 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. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the business posted $7.82 EPS. The business's revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Analysts predict that Lennox International, Inc. will post 23.69 EPS for the current year.

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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