The Manufacturers Life Insurance Company Acquires Shares of 40,547 Lennox International, Inc. $LII

The Manufacturers Life Insurance Company bought a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 40,547 shares of the construction company's stock, valued at approximately $23,231,000. The Manufacturers Life Insurance Company owned approximately 0.12% of Lennox International at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC increased its stake in shares of Lennox International by 137.9% in the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company's stock worth $32,000 after acquiring an additional 40 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Lennox International during the second quarter worth about $37,000. Huntington National Bank boosted its stake in Lennox International by 51.8% during the fourth quarter. Huntington National Bank now owns 85 shares of the construction company's stock worth $41,000 after acquiring an additional 29 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Lennox International in the second quarter worth about $50,000. Finally, MUFG Securities EMEA plc purchased a new stake in Lennox International in the second quarter worth about $54,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LII shares. Royal Bank Of Canada decreased their target price on shares of Lennox International from $579.00 to $469.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Vertical Research raised Lennox International from a "hold" rating to a "buy" rating and set a $600.00 price target on the stock in a research report on Thursday, April 30th. Weiss Ratings downgraded Lennox International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Barclays reduced their price objective on Lennox International from $600.00 to $597.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group lowered their price objective on Lennox International from $625.00 to $547.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $546.58.

Lennox International Stock Down 0.5%

NYSE:LII opened at $391.81 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The firm has a market cap of $13.54 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.55 and a beta of 1.19. Lennox International, Inc. has a fifty-two week low of $387.45 and a fifty-two week high of $587.27. The firm has a 50-day simple moving average of $492.67 and a two-hundred day simple moving average of $502.56.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted $7.82 earnings per share. The business'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. Analysts predict that Lennox International, Inc. will post 23.69 earnings per share for the current fiscal year.

Lennox International Profile

Lennox International Inc is a global manufacturer of climate control products and services, principally serving residential and commercial heating, ventilation and air conditioning (HVAC) markets. The company designs, engineers and produces a range of products including furnaces, air conditioners, heat pumps, air handlers, packaged rooftop units and related controls and indoor air quality equipment. Lennox also supplies aftermarket parts and accessories and supports its product lines with technical service, training and warranty programs for dealer and distribution partners.

Originally founded in 1895 by Dave Lennox, the company has grown from its early roots into a multinational business with operations concentrated in North America and a presence in other international markets.

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