California State Teachers Retirement System Purchases 20,799,920 Shares of Lennox International, Inc. $LII

Key Points

• California State Teachers Retirement System increased its Lennox International stake by 49,193.3%, acquiring 20.8 million shares and bringing its ownership to 60.31%, valued at approximately $11.94 billion.
• Lennox reported quarterly EPS of $7.72, narrowly beating estimates, while revenue rose 3% year over year to $1.55 billion but came in slightly below expectations. The company maintained fiscal 2026 EPS guidance of $23.00–$24.00.
• The stock opened at $385.49, well below its 50-day and 200-day moving averages, amid mixed analyst sentiment. The consensus rating is Hold, with an average price target of $540.33 after several analysts recently lowered their targets.

California State Teachers Retirement System boosted its position in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 49,193.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,842,202 shares of the construction company's stock after acquiring an additional 20,799,920 shares during the period. California State Teachers Retirement System owned 60.31% of Lennox International worth $11,941,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Lennox International during the second quarter worth $1,704,846,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Lennox International during the 2nd quarter valued at $239,217,000. Bank of America Corp DE acquired a new stake in shares of Lennox International in the 2nd quarter worth $196,075,000. Deutsche Bank AG acquired a new stake in shares of Lennox International in the 2nd quarter worth $159,181,000. Finally, Bank of New York Mellon Corp purchased a new position in Lennox International during the 2nd quarter worth $109,955,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Price Performance

Shares of LII opened at $385.49 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. The company's fifty day moving average price is $465.83 and its 200-day moving average price is $492.92. Lennox International, Inc. has a 1-year low of $371.65 and a 1-year high of $587.27. The firm has a market capitalization of $13.32 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business posted $7.82 EPS. The firm's quarterly 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. On average, equities research analysts predict that Lennox International, Inc. will post 23.56 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LII shares. Morgan Stanley reduced their target price on Lennox International from $450.00 to $375.00 and set an "underweight" rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings downgraded Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group lowered their price target on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a report on Friday, July 31st. William Blair restated an "outperform" rating on shares of Lennox International in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada cut 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 report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $540.33.

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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