Engineers Gate Manager LP Lowers Stock Holdings in Lennox International, Inc. $LII

Key Points

• Engineers Gate Manager LP cut its Lennox International stake by 73.6% in the second quarter, selling 10,938 shares and retaining 3,914 shares valued at approximately $2.24 million.
• Institutional ownership remains substantial at 67.07%, with several major firms—including BlackRock, Beacon Pointe Advisors, Bank of America and Deutsche Bank—initiating or expanding positions during the quarter.
• Lennox exceeded quarterly EPS estimates ($7.72 versus $7.67) while revenue rose 3% year over year, but analyst sentiment is mixed: the stock carries a consensus “Hold” rating and a $532.92 target price.

Engineers Gate Manager LP lowered its position in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 73.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,914 shares of the construction company's stock after selling 10,938 shares during the period. Engineers Gate Manager LP's holdings in Lennox International were worth $2,243,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Lennox International by 49,193.3% during the 2nd quarter. California State Teachers Retirement System now owns 20,842,202 shares of the construction company's stock valued at $11,941,540,000 after purchasing an additional 20,799,920 shares during the last quarter. BlackRock Inc. bought a new stake in Lennox International in the 2nd quarter worth approximately $1,704,846,000. Beacon Pointe Advisors LLC bought a new stake in Lennox International in the 2nd quarter worth approximately $239,217,000. Bank of America Corp DE purchased a new stake in Lennox International in the second quarter worth approximately $196,075,000. Finally, Deutsche Bank AG purchased a new stake in Lennox International in the second quarter worth approximately $159,181,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Lennox International Price Performance

LII opened at $366.37 on Tuesday. The stock's 50 day simple moving average is $449.83 and its 200 day simple moving average is $487.67. 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 1 year low of $350.22 and a 1 year high of $587.27. The firm has a market cap of $12.66 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.45 and a beta of 1.18.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 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 business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the previous year, the firm earned $7.82 EPS. The business'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. As a group, analysts predict that Lennox International, Inc. will post 23.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. William Blair reiterated an "outperform" rating on shares of Lennox International in a research report on Wednesday, July 29th. Morgan Stanley lowered their price objective on shares of Lennox International from $450.00 to $375.00 and set an "underweight" rating for the company in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft cut shares of Lennox International from a "buy" rating to a "hold" rating and cut their price objective for the company from $609.00 to $444.00 in a research note on Monday. The Goldman Sachs Group decreased their target price on shares of Lennox International from $625.00 to $547.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Finally, Royal Bank Of Canada decreased their target price 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. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Lennox International currently has an average rating of "Hold" and a consensus target price of $532.92.

Lennox International Company Profile

Lennox International Inc NYSE: LII designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.

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