Amundi Increases Holdings in Lennox International, Inc. $LII

Key Points

• Amundi increased its stake in Lennox International by 33.1% during Q1, holding 189,571 shares valued at approximately $103.66 million.
• Lennox reported $7.82 earnings per share for the last quarter, surpassing analysts' expectations and showing a 3.4% revenue increase year-over-year.
• The company's board has authorized a $1 billion stock buyback program, allowing the purchase of up to 5% of its outstanding shares, signaling confidence in its valuation.

Amundi grew its stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 33.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 189,571 shares of the construction company's stock after acquiring an additional 47,170 shares during the period. Amundi owned about 0.53% of Lennox International worth $103,661,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Driehaus Capital Management LLC lifted its stake in Lennox International by 3.8% in the fourth quarter. Driehaus Capital Management LLC now owns 38,259 shares of the construction company's stock valued at $23,311,000 after purchasing an additional 1,411 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Lennox International by 70,811.1% in the fourth quarter. Lazard Asset Management LLC now owns 6,382 shares of the construction company's stock valued at $3,888,000 after buying an additional 6,373 shares during the period. Mufg Securities Americas Inc. purchased a new position in shares of Lennox International during the 4th quarter valued at $288,000. California State Teachers Retirement System lifted its position in shares of Lennox International by 4.8% during the 4th quarter. California State Teachers Retirement System now owns 46,361 shares of the construction company's stock valued at $28,248,000 after buying an additional 2,133 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Lennox International by 23.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock worth $236,000 after acquiring an additional 80 shares during the period. Institutional investors own 67.07% of the company's stock.

Insider Buying and Selling

In other Lennox International 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 transaction of $1,864,051.28. Following the completion of the sale, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Chris Kosel sold 300 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the transaction, the chief accounting officer directly owned 1,282 shares of the company's stock, valued at approximately $758,764.52. This 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 Price Performance

Lennox International stock traded up $10.09 during midday trading on Thursday, hitting $568.87. 465,121 shares of the company's stock were exchanged, compared to its average volume of 368,106. Lennox International, Inc. has a 52-week low of $500.10 and a 52-week high of $689.44. The stock has a 50-day moving average price of $595.67 and a two-hundred day moving average price of $576.63. 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 company has a market cap of $19.98 billion, a P/E ratio of 24.32, a PEG ratio of 1.80 and a beta of 1.11.

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

Lennox International declared that its board has approved a share 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 usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

LII has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on shares of Lennox International from $619.00 to $691.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Robert W. Baird boosted their price target 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. Oppenheimer raised their price objective on shares of Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research note on Friday, May 16th. Finally, UBS Group boosted their target price on shares of Lennox International from $570.00 to $676.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $635.33.

About Lennox International

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.