Van Lanschot Kempen Investment Management N.V. Grows Stock Holdings in Lennox International, Inc. $LII

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in Lennox International by 5.1% during the first quarter, now holding shares worth approximately $5.69 million.
• Several research firms have recently raised their price targets for Lennox International, with Barclays setting an objective of $753.00 and Wells Fargo adjusting theirs to $675.00, indicating a range of analyst ratings from "Buy" to "Sell".
• Lennox International announced an increase in its quarterly dividend to $1.30 per share and initiated a $1 billion share repurchase plan, signaling confidence in the company's stock value.

Van Lanschot Kempen Investment Management N.V. grew its holdings in Lennox International, Inc. (NYSE:LII - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,150 shares of the construction company's stock after purchasing an additional 493 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Lennox International were worth $5,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of Lennox International by 20.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,141 shares of the construction company's stock worth $640,000 after purchasing an additional 191 shares during the last quarter. Horizon Investments LLC bought a new position in shares of Lennox International in the first quarter valued at approximately $257,000. Russell Investments Group Ltd. grew its holdings in shares of Lennox International by 118.3% in the first quarter. Russell Investments Group Ltd. now owns 92,618 shares of the construction company's stock valued at $51,932,000 after acquiring an additional 50,188 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Lennox International by 127.3% in the first quarter. Forsta AP Fonden now owns 17,500 shares of the construction company's stock valued at $9,815,000 after acquiring an additional 9,800 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in Lennox International by 236.5% during the first quarter. iA Global Asset Management Inc. now owns 2,359 shares of the construction company's stock valued at $1,323,000 after purchasing an additional 1,658 shares during the period. 67.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on LII. Robert W. Baird increased their price objective on Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. increased their price objective on Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a report on Friday, May 16th. Oppenheimer increased their price objective on Lennox International from $650.00 to $730.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Royal Bank Of Canada increased their price objective on Lennox International from $580.00 to $582.00 and gave the company a "sector perform" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price objective on Lennox International from $550.00 to $675.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $635.33.

Lennox International Price Performance

NYSE:LII traded up $20.5380 during trading hours on Friday, hitting $591.1780. 435,601 shares of the company's stock traded hands, compared to its average volume of 358,841. The firm has a market cap of $20.76 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.83 and a beta of 1.10. Lennox International, Inc. has a 52 week low of $500.10 and a 52 week high of $689.44. The business's fifty day simple moving average is $596.95 and its two-hundred day simple moving average is $581.35. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93.

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

Lennox International declared that its Board of Directors has authorized a share repurchase program on Thursday, May 22nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Lennox International news, EVP Daniel M. Sessa sold 2,782 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. This represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.73% of the stock is owned by corporate 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.