Horizon Investments LLC Buys Shares of 459 Lennox International, Inc. $LII

Key Points

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Horizon Investments LLC purchased a new position in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 459 shares of the construction company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. City Holding Co. purchased a new position in shares of Lennox International during the 1st quarter valued at $35,000. Sentry Investment Management LLC purchased a new stake in Lennox International in the 1st quarter worth $43,000. Inlight Wealth Management LLC purchased a new stake in Lennox International in the 1st quarter worth $114,000. MassMutual Private Wealth & Trust FSB lifted its stake in Lennox International by 23.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock worth $236,000 after purchasing an additional 80 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new stake in Lennox International in the 4th quarter worth $288,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on LII shares. Barclays boosted their price target on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Oppenheimer boosted their price target on shares of Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their price target on shares of Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. UBS Group boosted their price target on shares of Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Lennox International currently has a consensus rating of "Hold" and a consensus target price of $635.33.

Insiders Place Their Bets

In other Lennox International news, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.40% of the stock is currently owned by company insiders.

Lennox International Trading Up 3.6%

Lennox International stock traded up $20.5380 during trading hours on Friday, hitting $591.1780. The company had a trading volume of 435,601 shares, compared to its average volume of 364,332. The firm has a market cap of $20.76 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.90 and a beta of 1.10. The company has a 50-day moving average price of $596.95 and a two-hundred day moving average price of $581.30. Lennox International, Inc. has a 1 year low of $500.10 and a 1 year 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.

Lennox International (NYSE:LII - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a return on equity of 99.81% and a net margin of 15.41%.Lennox International's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business 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 year.

Lennox International declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership 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.