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 trimmed its stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 24.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Lennox International by 118.3% during the 1st quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after acquiring an additional 50,188 shares in the last quarter. Forsta AP Fonden boosted its position in shares of Lennox International by 127.3% during the 1st quarter. Forsta AP Fonden now owns 17,500 shares of the construction company's stock worth $9,815,000 after acquiring an additional 9,800 shares in the last quarter. iA Global Asset Management Inc. boosted its position in shares of Lennox International by 236.5% during the 1st quarter. iA Global Asset Management Inc. now owns 2,359 shares of the construction company's stock worth $1,323,000 after acquiring an additional 1,658 shares in the last quarter. Argent Trust Co boosted its position in shares of Lennox International by 28.3% during the 1st quarter. Argent Trust Co now owns 1,025 shares of the construction company's stock worth $575,000 after acquiring an additional 226 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Lennox International by 3.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 10,400 shares of the construction company's stock worth $5,833,000 after acquiring an additional 300 shares in the last quarter. 67.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer upped their price objective on Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Barclays upped their price objective on Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada raised their price target on Lennox International from $580.00 to $582.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 24th. UBS Group raised their price target on Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Robert W. Baird raised their price target on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Lennox International presently has a consensus rating of "Hold" and a consensus target price of $635.33.

Insider Activity

In other news, EVP Daniel M. Sessa sold 2,782 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total value of $1,864,051.28. Following the sale, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. This 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 the SEC website. 10.40% of the stock is owned by corporate insiders.

Lennox International Price Performance

LII traded down $20.94 during trading on Wednesday, reaching $592.53. 414,829 shares of the stock were exchanged, compared to its average volume of 401,059. The business's 50 day moving average price is $594.68 and its two-hundred day moving average price is $581.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.93 and a beta of 1.10. Lennox International, Inc. has a 1 year low of $500.10 and a 1 year high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share for the quarter, topping analysts' consensus estimates of $6.90 by $0.92. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the firm posted $6.83 earnings per share. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, equities research analysts anticipate that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, May 30th were given a $1.30 dividend. This is an increase from Lennox International's previous quarterly dividend of $1.15. This represents a $5.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, June 30th. Lennox International's dividend payout ratio (DPR) is currently 22.23%.

Lennox International declared that its board has approved a stock buyback plan on Thursday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is 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.