BOK Financial Private Wealth Inc. Buys Shares of 4,222 Lennox International, Inc. $LII

BOK Financial Private Wealth Inc. purchased a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,222 shares of the construction company's stock, valued at approximately $2,425,000.

A number of other hedge funds also recently added to or reduced their stakes in LII. California State Teachers Retirement System raised its stake in Lennox International by 6.1% in the second quarter. California State Teachers Retirement System now owns 48,533 shares of the construction company's stock worth $27,821,000 after buying an additional 2,785 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company's stock worth $41,168,000 after purchasing an additional 53,679 shares during the last quarter. Lazard Asset Management LLC boosted its position in Lennox International by 111.1% during the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company's stock valued at $10,696,000 after purchasing an additional 9,818 shares in the last quarter. State of Tennessee Department of Treasury boosted its position in Lennox International by 75.2% during the second quarter. State of Tennessee Department of Treasury now owns 7,082 shares of the construction company's stock valued at $4,060,000 after purchasing an additional 3,039 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in Lennox International in the second quarter valued at about $54,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on LII shares. Weiss Ratings lowered shares of Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Vertical Research raised Lennox International from a "hold" rating to a "buy" rating and set a $600.00 price target on the stock in a research report on Thursday, April 30th. Barclays decreased their price objective on Lennox International from $600.00 to $597.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price objective 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. Finally, William Blair restated an "outperform" rating on shares of Lennox International in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $546.58.

Lennox International Stock Performance

NYSE LII opened at $410.89 on Wednesday. The stock has a 50-day simple moving average of $509.32 and a two-hundred day simple moving average of $507.99. The firm has a market capitalization of $14.20 billion, a P/E ratio of 18.58, a PEG ratio of 1.66 and a beta of 1.19. Lennox International, Inc. has a fifty-two week low of $407.94 and a fifty-two week high of $616.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57.

Lennox International (NYSE:LII - Get Free Report) last posted its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating the consensus estimate of $7.67 by $0.05. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, equities analysts forecast that Lennox International, Inc. will post 23.69 earnings per share for the current year.

Lennox International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from Lennox International's previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.3%. Lennox International's payout ratio is currently 24.59%.

About Lennox International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source