Lennox International, Inc. $LII Shares Sold by TD Private Client Wealth LLC

Key Points

• TD Private Client Wealth LLC reduced its stake in Lennox International by 38.3% in the second quarter, now holding 3,503 shares valued at approximately $2 million.
• Lennox International reported $7.82 earnings per share for the latest quarter, exceeding expectations, with revenues of $1.50 billion, marking a 3.4% year-over-year increase.
• The company declared a quarterly dividend of $1.30 per share, resulting in an annualized dividend yield of 1.0%.

TD Private Client Wealth LLC decreased its stake in Lennox International, Inc. (NYSE:LII - Free Report) by 38.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,503 shares of the construction company's stock after selling 2,171 shares during the period. TD Private Client Wealth LLC's holdings in Lennox International were worth $2,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LII. California State Teachers Retirement System lifted its position in Lennox International by 4.8% in the fourth quarter. California State Teachers Retirement System now owns 46,361 shares of the construction company's stock valued at $28,248,000 after acquiring an additional 2,133 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Lennox International by 23.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock worth $236,000 after purchasing an additional 80 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Lennox International by 69,429.8% in the 1st quarter. GAMMA Investing LLC now owns 356,688 shares of the construction company's stock valued at $200,041,000 after purchasing an additional 356,175 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Lennox International by 6.4% in the 1st quarter. Rhumbline Advisers now owns 67,372 shares of the construction company's stock valued at $37,784,000 after purchasing an additional 4,047 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of Lennox International in the 1st quarter valued at about $43,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Stock Down 1.3%

LII stock opened at $515.89 on Friday. The stock has a market capitalization of $18.12 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.11. The company has a fifty day moving average of $582.05 and a 200-day 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, Inc. has a one year low of $500.10 and a one year high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.90 by $0.92. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $6.83 earnings per share. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, analysts expect that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

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

Insiders Place Their Bets

In other Lennox International 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 value of $1,864,051.28. Following the completion of the transaction, the executive vice president owned 31,574 shares in the company, valued at approximately $21,155,842.96. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Chris Kosel sold 300 shares of the business's stock in a transaction 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 sale, the chief accounting officer owned 1,282 shares in the company, valued at $758,764.52. The trade was a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.73% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LII. Oppenheimer reduced their price objective on Lennox International from $730.00 to $675.00 and set an "outperform" rating for the company in a research note on Wednesday, September 17th. The Goldman Sachs Group lifted their target price 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 increased their price target on shares of Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. UBS Group dropped their price objective on shares of Lennox International from $676.00 to $610.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Barclays reduced their target price on shares of Lennox International from $753.00 to $730.00 and set an "overweight" rating for the company in a report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $623.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.