Corient Private Wealth LP Takes Position in Lennox International, Inc. $LII

Corient Private Wealth LP 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 SEC. The institutional investor purchased 3,135 shares of the construction company's stock, valued at approximately $1,797,000.

A number of other institutional investors also recently bought and sold shares of LII. BlackRock Inc. purchased a new position in Lennox International during the second quarter worth $1,704,846,000. Bank of America Corp DE purchased a new stake in shares of Lennox International in the second quarter valued at $196,075,000. Deutsche Bank AG bought a new stake in shares of Lennox International in the 2nd quarter worth about $159,181,000. Bank of New York Mellon Corp bought a new stake in shares of Lennox International in the 2nd quarter worth about $109,955,000. Finally, Legal & General Group Plc purchased a new position in shares of Lennox International during the 2nd quarter worth about $54,927,000. 67.07% of the stock is currently owned by institutional investors.

Lennox International Stock Up 3.1%

Shares of LII opened at $385.43 on Friday. The firm has a fifty day moving average price of $476.64 and a 200-day moving average price of $496.58. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $13.32 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.47 and a beta of 1.18. Lennox International, Inc. has a 12-month low of $371.65 and a 12-month high of $587.27.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The company 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 firm posted $7.82 EPS. The firm's revenue was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Equities research analysts expect that Lennox International, Inc. will post 23.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LII. Weiss Ratings downgraded shares of Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Morgan Stanley decreased their price objective on shares of Lennox International from $450.00 to $375.00 and set an "underweight" rating for the company in a research note on Thursday. The Goldman Sachs Group dropped their target price on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada cut their target price on Lennox International from $579.00 to $469.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. Finally, William Blair reiterated an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. Five 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, Lennox International has an average rating of "Hold" and a consensus 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.

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