Caisse DE Depot ET Placement DU Quebec Raises Stock Holdings in Lennox International, Inc. $LII

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Lennox International by 39.3%, bringing its total holdings to 37,089 shares valued at approximately $20.8 million.
• Insider transactions revealed that EVP Daniel M. Sessa sold 2,782 shares at $670.04 each, indicating an 8.10% decrease in his position, while CAO Chris Kosel also sold a portion of his shares.
• Analysts have mixed views on Lennox International, with price targets ranging from $549 to $753, and the company's consensus rating currently stands at "Hold".

Caisse DE Depot ET Placement DU Quebec increased its position in Lennox International, Inc. (NYSE:LII - Free Report) by 39.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,089 shares of the construction company's stock after buying an additional 10,469 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.10% of Lennox International worth $20,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. City Holding Co. bought a new stake in Lennox International in the 1st quarter worth approximately $35,000. Sentry Investment Management LLC bought a new stake in Lennox International in the 1st quarter worth approximately $43,000. Inlight Wealth Management LLC bought a new stake in Lennox International in the 1st quarter worth approximately $114,000. MassMutual Private Wealth & Trust FSB lifted its position in Lennox International by 23.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock worth $236,000 after buying an additional 80 shares during the last quarter. Finally, Horizon Investments LLC bought a new stake in Lennox International in the 1st quarter worth approximately $257,000. Institutional investors own 67.07% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on LII shares. Robert W. Baird boosted their target price on Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price objective on Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research report on Friday, May 16th. The Goldman Sachs Group boosted their price objective on Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Barclays boosted their price objective on Lennox International from $696.00 to $753.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, UBS Group boosted their price objective on Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $635.33.

Insider Activity at Lennox International

In related news, EVP Daniel M. Sessa sold 2,782 shares of the company's stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Kosel sold 300 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the sale, the chief accounting officer directly owned 1,282 shares in the company, valued at approximately $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by insiders.

Lennox International Trading Down 0.3%

Shares of LII traded down $1.92 during mid-day trading on Monday, hitting $557.56. 306,387 shares of the company's stock traded hands, compared to its average volume of 351,078. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93. Lennox International, Inc. has a 1 year low of $500.10 and a 1 year high of $689.44. The firm has a market capitalization of $19.58 billion, a P/E ratio of 23.84, a PEG ratio of 1.79 and a beta of 1.11. The business's 50-day moving average price is $598.88 and its 200-day moving average price is $580.12.

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 the consensus estimate of $6.90 by $0.92. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the firm earned $6.83 earnings per share. The business's 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, sell-side analysts forecast that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International announced that its Board of Directors has authorized a stock buyback program on Thursday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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.