BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Lennox International, Inc. $LII

BI Asset Management Fondsmaeglerselskab A S decreased its position in Lennox International, Inc. (NYSE:LII) by 79.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 411 shares of the construction company’s stock after selling 1,602 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Lennox International were worth $191,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in Lennox International by 296.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after purchasing an additional 53,679 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Lennox International during the third quarter valued at approximately $20,847,000. Bank of New York Mellon Corp increased its position in shares of Lennox International by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 203,539 shares of the construction company’s stock valued at $98,835,000 after acquiring an additional 18,901 shares in the last quarter. Danske Bank A S bought a new position in Lennox International in the 3rd quarter valued at approximately $7,249,000. Finally, Lazard Asset Management LLC boosted its stake in Lennox International by 111.1% during the 2nd quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock valued at $10,696,000 after purchasing an additional 9,818 shares during the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lennox International

In related news, CAO Chris Kosel sold 971 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $544.80, for a total value of $529,000.80. Following the completion of the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $593,832. This represents a 47.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LII. 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 report on Thursday, April 30th. Barclays reduced their price objective on Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company upped their target price on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Oppenheimer lifted their price target on shares of Lennox International from $630.00 to $645.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of Lennox International from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $575.46.

Lennox International Trading Up 3.5%

Shares of NYSE:LII opened at $571.29 on Friday. The stock has a 50 day moving average of $510.09 and a 200 day moving average of $508.75. The company has a market cap of $19.88 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.11 and a beta of 1.18. Lennox International, Inc. has a 12-month low of $434.06 and a 12-month high of $689.44. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94.

Lennox International (NYSE:LII) last released its earnings results on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.19. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $3.63 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. As a group, equities research analysts expect that Lennox International, Inc. will post 24.35 EPS for the current year.

Lennox International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Lennox International’s previous quarterly dividend of $1.30. Lennox International’s payout ratio is 23.40%.

Lennox International Company 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.