Lennox International, Inc. $LII Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group cut its Lennox International stake by 46.7% in the second quarter, selling 18,958 shares and retaining 21,621 shares worth approximately $12.4 million.
• Analyst sentiment is mixed, with five Buy, nine Hold, and two Sell ratings; the stock has an average rating of Hold and an average price target of $540.33.
• Lennox shares opened at $365.98, near their 52-week low, while the company reported quarterly EPS of $7.72—slightly above estimates—and revenue of $1.55 billion, up 3% year over year.

Baird Financial Group Inc. lessened its stake in Lennox International, Inc. (NYSE:LII - Free Report) by 46.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,621 shares of the construction company's stock after selling 18,958 shares during the period. Baird Financial Group Inc. owned about 0.06% of Lennox International worth $12,388,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LII. Root Financial Partners LLC grew its stake in Lennox International by 137.9% in the first quarter. Root Financial Partners LLC now owns 69 shares of the construction company's stock worth $32,000 after purchasing an additional 40 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Lennox International in the 2nd quarter valued at about $37,000. Huntington National Bank boosted its holdings in shares of Lennox International by 51.8% in the 4th quarter. Huntington National Bank now owns 85 shares of the construction company's stock valued at $41,000 after buying an additional 29 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Lennox International during the 2nd quarter valued at about $50,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Lennox International during the 2nd quarter valued at about $54,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. William Blair reissued an "outperform" rating on shares of Lennox International in a report on Wednesday, July 29th. The Goldman Sachs Group lowered their target price on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a report on Friday, July 31st. Morgan Stanley dropped their price target on Lennox International from $450.00 to $375.00 and set an "underweight" rating on the stock in a research report on Thursday, September 3rd. Royal Bank Of Canada cut their price target on Lennox International from $579.00 to $469.00 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings lowered Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $540.33.

Lennox International Trading Down 1.8%

Shares of LII stock opened at $365.98 on Friday. Lennox International, Inc. has a 1 year low of $365.70 and a 1 year high of $587.27. The firm has a market capitalization of $12.65 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18. The stock has a fifty day moving average of $453.88 and a two-hundred day moving average of $489.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57.

Lennox International (NYSE:LII - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating analysts' consensus estimates of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the previous year, the business earned $7.82 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, research analysts expect that Lennox International, Inc. will post 23.56 EPS for the current year.

About Lennox International

Lennox International Inc NYSE: LII designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.

The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.

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