Deutsche Bank AG Acquires Shares of 277,827 Lennox International, Inc. $LII

Key Points

• Deutsche Bank initiated a sizable Lennox International position in the second quarter, purchasing 277,827 shares valued at approximately $159.2 million, or 0.80% of the company.
• Institutional ownership remains substantial at 67.07%, with Ameriprise Financial, Lazard Asset Management and the Tennessee Treasury also increasing their holdings during the quarter.
• Analysts hold a consensus “Hold” rating with a $546.58 price target. Lennox recently reported quarterly EPS of $7.72, slightly above estimates, while revenue rose 3% year over year to $1.55 billion.

Deutsche Bank AG bought a new position in shares of Lennox International, Inc. (NYSE:LII - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 277,827 shares of the construction company's stock, valued at approximately $159,181,000. Deutsche Bank AG owned 0.80% of Lennox International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Lennox International by 6.1% in the 2nd quarter. California State Teachers Retirement System now owns 48,533 shares of the construction company's stock worth $27,821,000 after purchasing an additional 2,785 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Lennox International by 296.0% during the second 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 period. Lazard Asset Management LLC increased its holdings in Lennox International by 111.1% in 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 during the last quarter. State of Tennessee Department of Treasury increased its holdings in Lennox International by 75.2% in 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 during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Lennox International in the second quarter valued at about $54,000. Institutional investors own 67.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LII shares. The Goldman Sachs Group reduced their target price on Lennox International from $625.00 to $547.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Royal Bank Of Canada lowered their price target on Lennox International from $579.00 to $469.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. William Blair reiterated an "outperform" rating on shares of Lennox International in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of Lennox International from $480.00 to $555.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lennox International has a consensus rating of "Hold" and a consensus price target of $546.58.

Lennox International Price Performance

NYSE LII opened at $419.87 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.62 and a beta of 1.19. The business has a 50 day simple moving average of $507.59 and a 200 day simple moving average of $507.46. Lennox International, Inc. has a 52-week low of $407.94 and a 52-week high of $615.75.

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, beating analysts' consensus estimates of $7.67 by $0.05. The firm had revenue of $1.55 billion for 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 revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Analysts anticipate that Lennox International, Inc. will post 23.69 earnings per share for the current fiscal year.

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.

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