Caisse de depot et placement du Quebec Buys Shares of 12,591 Lennox International, Inc. $LII

Caisse de depot et placement du Quebec bought a new position in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,591 shares of the construction company's stock, valued at approximately $7,214,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LII. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Lennox International during the second quarter worth about $10,596,000. Bank of Nova Scotia acquired a new stake in shares of Lennox International during the 2nd quarter valued at approximately $1,892,000. Legal & General Group Plc purchased a new stake in shares of Lennox International during the 2nd quarter worth approximately $54,927,000. Deutsche Bank AG acquired a new stake in shares of Lennox International in the 2nd quarter worth approximately $159,181,000. Finally, BlackRock Inc. acquired a new stake in shares of Lennox International in the 2nd quarter worth approximately $1,704,846,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LII. William Blair reissued an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. The Goldman Sachs Group cut their price target on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada decreased their price objective on shares of Lennox International from $579.00 to $469.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $546.58.

Lennox International Stock Performance

Shares of NYSE:LII opened at $393.39 on Friday. The business has a 50-day moving average of $489.88 and a two-hundred day moving average of $501.79. The firm has a market capitalization of $13.60 billion, a PE ratio of 17.78, a P/E/G ratio of 1.55 and a beta of 1.19. 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.

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 for the quarter, topping analysts' consensus estimates of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the company earned $7.82 EPS. The firm'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. As a group, research analysts forecast that Lennox International, Inc. will post 23.69 earnings per share for the current year.

Lennox International Company 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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