Lennox International, Inc. $LII Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Lennox International by 3,851.0% during the 1st quarter, acquiring over 20,000 additional shares, bringing its total to 20,545 shares valued at approximately $11.5 million.
• Multiple hedge funds have made major adjustments in their positions regarding Lennox International, with GAMMA Investing LLC increasing its stake by 69,429.8% to own 356,688 shares worth around $200 million.
• Analysts have raised target prices for Lennox International, with Oppenheimer increasing it from $650 to $730, while the stock currently has a consensus rating of "Hold" and a target price of $635.33.

Jump Financial LLC boosted its position in Lennox International, Inc. (NYSE:LII - Free Report) by 3,851.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,545 shares of the construction company's stock after purchasing an additional 20,025 shares during the period. Jump Financial LLC owned approximately 0.06% of Lennox International worth $11,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Lennox International by 69,429.8% during the first quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after acquiring an additional 356,175 shares in the last quarter. Captrust Financial Advisors raised its stake in Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock worth $57,326,000 after buying an additional 78,406 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Lennox International by 227.4% in the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock worth $46,398,000 after buying an additional 52,888 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock worth $51,932,000 after buying an additional 50,188 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Lennox International by 247.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company's stock worth $16,220,000 after buying an additional 18,950 shares in the last quarter. Institutional investors own 67.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LII shares. Oppenheimer boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of Lennox International from $550.00 to $675.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Barclays boosted their price objective on shares of Lennox International from $696.00 to $753.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Lennox International has a consensus rating of "Hold" and an average price target of $635.33.

Lennox International Price Performance

Shares of Lennox International stock traded down $7.85 during trading hours on Thursday, reaching $559.15. The stock had a trading volume of 297,120 shares, compared to its average volume of 404,349. The stock's 50 day moving average is $598.50 and its 200 day moving average is $581.08. The firm has a market capitalization of $19.64 billion, a PE ratio of 23.91, a PEG ratio of 1.82 and a beta of 1.10. Lennox International, Inc. has a twelve month low of $500.10 and a twelve month high of $689.44. The company has a current ratio of 1.41, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93.

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 for the quarter, beating analysts' consensus estimates of $6.90 by $0.92. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. Lennox International's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Equities analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International declared that its board has approved a stock buyback program on Thursday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to reacquire up to 5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Daniel M. Sessa sold 2,782 shares of Lennox International 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 completion of the sale, the executive vice president owned 31,574 shares in the company, valued at approximately $21,155,842.96. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the sale, the chief accounting officer owned 1,282 shares of the company's stock, valued at $758,764.52. This trade represents a 18.96% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.73% of the company's stock.

Lennox International Company 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.