Lennox International, Inc. $LII Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has significantly reduced its stake in Lennox International, selling 4,865 shares and holding 2,593 shares as of the end of the 2nd quarter.
• Lennox International reported a quarterly EPS of $7.82, surpassing the consensus estimate of $6.90, and had revenue of $1.50 billion, slightly above predictions.
• The company declared a quarterly dividend of $1.30 per share, with an annualized yield of 1.0%, reflecting a dividend payout ratio of 22.23%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its holdings in shares of Lennox International, Inc. (NYSE:LII - Free Report) by 65.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,593 shares of the construction company's stock after selling 4,865 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Lennox International were worth $1,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LII. Farther Finance Advisors LLC increased its position in shares of Lennox International by 8.3% during the second quarter. Farther Finance Advisors LLC now owns 624 shares of the construction company's stock worth $358,000 after acquiring an additional 48 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Lennox International by 175.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company's stock valued at $46,000 after purchasing an additional 51 shares during the period. AG2R LA Mondiale Gestion D Actifs acquired a new position in Lennox International during the 1st quarter worth $1,389,000. Strs Ohio purchased a new stake in Lennox International during the 1st quarter worth about $1,419,000. Finally, United Services Automobile Association acquired a new stake in Lennox International in the 1st quarter valued at about $410,000. Hedge funds and other institutional investors own 67.07% of the company's stock.

Lennox International Price Performance

Shares of NYSE:LII opened at $515.89 on Friday. Lennox International, Inc. has a one year low of $500.10 and a one year high of $689.44. The stock has a market capitalization of $18.12 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.84 and a beta of 1.11. The company has a 50-day simple moving average of $582.05 and a 200-day simple moving average of $572.41. 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 issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) 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 firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. On average, analysts predict that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 30th. Lennox International's dividend payout ratio is 22.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LII. Oppenheimer lowered their price objective on Lennox International from $730.00 to $675.00 and set an "outperform" rating for the company in a research report on Wednesday, September 17th. Wells Fargo & Company boosted their price target on shares of Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Robert W. Baird increased their target price on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. The Goldman Sachs Group raised their price objective on shares of Lennox International from $619.00 to $691.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, UBS Group cut their target price on Lennox International from $676.00 to $610.00 and set a "neutral" rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Lennox International has a consensus rating of "Hold" and a consensus target price of $623.33.

Insider Buying and Selling at Lennox International

In related news, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction on Wednesday, July 23rd. The stock was 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 of the company's stock, valued at $21,155,842.96. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Kosel sold 300 shares of the business's stock in a transaction 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 transaction, the chief accounting officer directly owned 1,282 shares in the company, valued at $758,764.52. This represents a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.73% of the stock is owned by company insiders.

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.

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