Tudor Investment Corp ET AL Takes $20.85 Million Position in Lennox International, Inc. $LII

Key Points

• Tudor Investment Corp bought a new stake of 39,382 shares in Lennox International (NYSE:LII) in Q3, valued at about $20.85 million and representing roughly 0.11% of the company.
• Lennox missed quarterly estimates, reporting EPS of $4.45 vs. $4.76 expected and revenue of $1.20B vs. $1.27B expected (revenue down 11.2% YoY); the company set FY2026 guidance of $23.50–$25.00 EPS while sell-side analysts expect about $22.94 for the current year.
• Lennox declared a quarterly dividend of $1.30 (annualized $5.20) for a yield of ~1.1%, with an ex-dividend date of March 31 and payment on April 15.

Tudor Investment Corp ET AL bought a new stake in shares of Lennox International, Inc. (NYSE:LII - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,382 shares of the construction company's stock, valued at approximately $20,847,000. Tudor Investment Corp ET AL owned approximately 0.11% of Lennox International as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in shares of Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company's stock valued at $41,168,000 after purchasing an additional 53,679 shares in the last quarter. SG Americas Securities LLC raised its stake in Lennox International by 55.6% in the third quarter. SG Americas Securities LLC now owns 49,456 shares of the construction company's stock worth $26,180,000 after buying an additional 17,673 shares in the last quarter. Danske Bank A S purchased a new stake in Lennox International in the third quarter worth about $7,249,000. Lazard Asset Management LLC lifted its holdings in Lennox International by 111.1% in the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company's stock worth $10,696,000 after buying an additional 9,818 shares during the period. Finally, Chilton Investment Co. Inc. bought a new stake in Lennox International during the 3rd quarter valued at approximately $4,151,000. Institutional investors own 67.07% of the company's stock.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 254 shares of the company's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $536.50, for a total transaction of $136,271.00. Following the transaction, the chief accounting officer directly owned 1,090 shares of the company's stock, valued at $584,785. This represents a 18.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Todd J. Teske sold 700 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $533.45, for a total value of $373,415.00. Following the sale, the director directly owned 6,881 shares in the company, valued at $3,670,669.45. This trade represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,054 shares of company stock valued at $563,687. 9.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LII. Morgan Stanley decreased their target price on Lennox International from $475.00 to $450.00 and set an "underweight" rating for the company in a research report on Monday, February 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Lennox International in a report on Thursday, January 22nd. William Blair reissued an "outperform" rating on shares of Lennox International in a research report on Thursday, March 5th. UBS Group started coverage on shares of Lennox International in a report on Monday, January 5th. They set a "neutral" rating and a $530.00 target price on the stock. Finally, Wall Street Zen raised shares of Lennox International from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Lennox International currently has an average rating of "Hold" and a consensus price target of $579.64.

Lennox International Stock Performance

Shares of LII stock opened at $468.37 on Friday. Lennox International, Inc. has a one year low of $443.19 and a one year high of $689.44. The company's 50-day moving average is $524.17 and its 200 day moving average is $515.77. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 1.60.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, January 28th. The construction company reported $4.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.76 by ($0.31). The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.27 billion. Lennox International had a return on equity of 80.23% and a net margin of 15.13%.The firm's quarterly revenue was down 11.2% on a year-over-year basis. During the same period last year, the firm posted $5.60 earnings per share. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. Sell-side analysts expect that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, March 31st. Lennox International's payout ratio is presently 23.38%.

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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