Van Lanschot Kempen Investment Management N.V. Has $5.69 Million 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. boosted its position 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. The fund owned 10,150 shares of the construction company's stock after buying an additional 493 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Lennox International were worth $5,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LII. City Holding Co. acquired a new position in Lennox International in the 1st quarter valued at $35,000. Sentry Investment Management LLC acquired a new position in Lennox International in the 1st quarter valued at $43,000. Inlight Wealth Management LLC acquired a new position in Lennox International in the 1st quarter valued at $114,000. MassMutual Private Wealth & Trust FSB grew its stake in Lennox International by 23.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the construction company's stock valued at $236,000 after buying an additional 80 shares during the last quarter. Finally, Horizon Investments LLC bought a new position in shares of Lennox International during the 1st quarter worth about $257,000. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Price Performance

Shares of LII stock traded down $9.8650 during trading hours on Monday, reaching $582.0550. 118,494 shares of the company were exchanged, compared to its average volume of 402,578. The stock's fifty day moving average is $596.95 and its two-hundred day moving average is $581.30. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.41 and a quick ratio of 0.71. Lennox International, Inc. has a fifty-two week low of $500.10 and a fifty-two week high of $689.44. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 1.90 and a beta of 1.10.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, beating the consensus estimate of $6.90 by $0.92. The company 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 business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.83 EPS. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Sell-side analysts forecast that Lennox International, Inc. will post 22.94 earnings per share for the current fiscal year.

Lennox International announced that its board has authorized a stock buyback program on Thursday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LII shares. Barclays boosted their price objective on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Oppenheimer boosted their price objective on shares of Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Lennox International from $455.00 to $549.00 and gave the stock an "underweight" rating in a report on Friday, May 16th. Wells Fargo & Company boosted their price objective 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. Finally, Robert W. Baird lifted their target price on shares of Lennox International from $600.00 to $668.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. 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.com, Lennox International presently has a consensus rating of "Hold" and an average target price of $635.33.

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 shares were sold at an average price of $670.04, for a total value of $1,864,051.28. Following the sale, the executive vice president directly owned 31,574 shares in the company, valued at approximately $21,155,842.96. This trade represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.73% of the company's stock.

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.