Lennox International, Inc. $LII Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Lennox International, Inc. by 24.6%, holding 1,886 shares valued at approximately $1,057,000 after selling 615 shares in Q1.
• Lennox International reported a Q2 EPS of $7.82, exceeding analysts' expectations, with revenues of $1.50 billion, reflecting a 3.4% year-over-year increase.
• The board approved a substantial $1 billion share buyback plan and increased its quarterly dividend from $1.15 to $1.30, indicating confidence in the company's valuation and stability.

Gulf International Bank UK Ltd lowered its position in Lennox International, Inc. (NYSE:LII - Free Report) by 24.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,886 shares of the construction company's stock after selling 615 shares during the quarter. Gulf International Bank UK Ltd's holdings in Lennox International were worth $1,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of Lennox International by 50.8% in the fourth quarter. Bessemer Group Inc. now owns 98 shares of the construction company's stock valued at $60,000 after purchasing an additional 33 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Lennox International by 8.9% in the first quarter. Farther Finance Advisors LLC now owns 576 shares of the construction company's stock valued at $325,000 after purchasing an additional 47 shares during the period. City Holding Co. acquired a new position in Lennox International in the first quarter valued at about $35,000. MassMutual Private Wealth & Trust FSB lifted its position in Lennox International by 23.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock valued at $236,000 after buying an additional 80 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new position in Lennox International in the first quarter valued at about $43,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LII shares. UBS Group upped their target price on shares of Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Robert W. Baird upped their target price on shares of Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Morgan Stanley decreased their target price on shares of Lennox International from $585.00 to $450.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Barclays upped their target price on shares of Lennox International from $696.00 to $753.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Oppenheimer upped their target price on shares of Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given 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 $635.33.

Insiders Place Their Bets

In related news, EVP Daniel M. Sessa sold 2,782 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total value of $1,864,051.28. Following the sale, the executive vice president owned 31,574 shares of the company's stock, valued at $21,155,842.96. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.73% of the stock is currently owned by company insiders.

Lennox International Stock Down 3.3%

Shares of LII traded down $19.36 during mid-day trading on Thursday, hitting $569.72. 206,425 shares of the company's stock were exchanged, compared to its average volume of 402,016. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 1.97 and a beta of 1.10. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $689.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. The stock's 50-day moving average is $595.46 and its 200-day moving average is $581.35.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.90 by $0.92. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.83 earnings per share. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. On average, sell-side analysts anticipate that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

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

Lennox International Profile

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.