Public Employees Retirement System of Ohio Cuts Position in Lennox International, Inc. $LII

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Lennox International, Inc. by 39.3%, now holding 11,405 shares worth $6.54 million.
• Lennox International reported $7.82 EPS for the quarter, exceeding analysts' expectations, and had a revenue of $1.50 billion, marking a 3.4% increase year-over-year.
• The company announced a quarterly dividend of $1.30 per share, with a dividend yield of 1.0%, to be paid on October 15th.

Public Employees Retirement System of Ohio decreased its stake in Lennox International, Inc. (NYSE:LII - Free Report) by 39.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,405 shares of the construction company's stock after selling 7,380 shares during the period. Public Employees Retirement System of Ohio's holdings in Lennox International were worth $6,538,000 as of its most recent filing with the SEC.

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

Lennox International Stock Up 1.1%

LII stock opened at $522.07 on Monday. The business's 50-day moving average is $580.30 and its two-hundred day moving average is $572.23. 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 $18.34 billion, a price-to-earnings ratio of 22.32, a P/E/G ratio of 1.84 and a beta of 1.11. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $689.44.

Lennox International (NYSE:LII - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, topping analysts' consensus estimates of $6.90 by $0.92. The company 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%.Lennox International's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, analysts forecast that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued 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 of this dividend is Tuesday, September 30th. Lennox International's dividend payout ratio is 22.23%.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total value 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 $758,764.52. This trade represents a 18.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel M. Sessa sold 2,782 shares of Lennox International 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 transaction, the executive vice president directly owned 31,574 shares of the company's stock, valued at $21,155,842.96. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of Lennox International from $676.00 to $610.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 23rd. Wells Fargo & Company raised 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. Oppenheimer decreased their price objective on shares of Lennox International from $730.00 to $675.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 17th. Robert W. Baird lifted their price objective on Lennox International from $600.00 to $668.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Barclays decreased their price objective 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 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.

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