Hsbc Holdings PLC Makes New Investment in Lennox International, Inc. $LII

Key Points

• HSBC Holdings acquired 66,672 shares of Lennox International in the second quarter, valued at approximately $38.2 million and representing 0.19% of the company. Overall, institutional investors own 67.07% of LII.
• Analyst sentiment remains mixed, with five Buy, nine Hold and two Sell ratings. The stock has an average rating of “Hold” and an average price target of $546.58.
• Lennox reported quarterly earnings of $7.72 per share, slightly exceeding estimates, while revenue rose 3% year over year to $1.55 billion. Shares opened at $391.81, near their 12-month low of $387.45.

Hsbc Holdings PLC acquired a new position in Lennox International, Inc. (NYSE:LII - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 66,672 shares of the construction company's stock, valued at approximately $38,210,000. Hsbc Holdings PLC owned 0.19% of Lennox International as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LII. BlackRock Inc. bought a new stake in shares of Lennox International in the 2nd quarter worth about $1,704,846,000. Deutsche Bank AG bought a new stake in shares of Lennox International during the second quarter worth $159,181,000. Bank of New York Mellon Corp boosted its position in Lennox International by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company's stock valued at $98,835,000 after buying an additional 18,901 shares during the period. Legal & General Group Plc purchased a new stake in shares of Lennox International in the second quarter valued at approximately $54,927,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Lennox International by 18.5% in the third quarter. Ameriprise Financial Inc. now owns 85,096 shares of the construction company's stock valued at $45,043,000 after purchasing an additional 13,281 shares during the period. 67.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LII shares. Vertical Research raised Lennox International from a "hold" rating to a "buy" rating and set a $600.00 target price for the company in a research report on Thursday, April 30th. Barclays dropped their price target on Lennox International from $600.00 to $597.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price objective on Lennox International from $480.00 to $555.00 and gave the company an "equal weight" rating in a report on Thursday, April 30th. The Goldman Sachs Group lowered their price objective on shares of Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, William Blair reissued an "outperform" rating on shares of Lennox International in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $546.58.

Lennox International Stock Down 0.5%

Shares of NYSE LII opened at $391.81 on Friday. Lennox International, Inc. has a 12-month low of $387.45 and a 12-month high of $587.27. The stock's fifty day simple moving average is $492.67 and its two-hundred day simple moving average is $502.56. The stock has a market capitalization of $13.54 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89.

Lennox International (NYSE:LII - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, topping the consensus estimate of $7.67 by $0.05. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The business's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, analysts expect that Lennox International, Inc. will post 23.69 EPS for the current fiscal year.

Lennox International Profile

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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