NewEdge Wealth LLC Purchases New Position in Lennox International, Inc. $LII

NewEdge Wealth LLC acquired a new position in Lennox International, Inc. (NYSE:LII) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,537 shares of the construction company’s stock, valued at approximately $3,745,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Campbell Newman Asset Management Inc. bought a new stake in shares of Lennox International in the 1st quarter worth $17,555,000. Pacer Advisors Inc. raised its stake in shares of Lennox International by 45.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,667 shares of the construction company’s stock worth $3,237,000 after purchasing an additional 2,095 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Lennox International by 78.0% during the first quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock valued at $26,361,000 after purchasing an additional 24,893 shares in the last quarter. BlackRock Inc. bought a new position in shares of Lennox International during the second quarter valued at $1,704,846,000. Finally, Bank of New York Mellon Corp boosted 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 buying an additional 18,901 shares during the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Price Performance

Shares of Lennox International stock opened at $405.37 on Friday. The stock has a market cap of $14.01 billion, a P/E ratio of 18.33, a P/E/G ratio of 1.65 and a beta of 1.19. 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 stock’s fifty day moving average is $505.37 and its 200 day moving average is $506.84. Lennox International, Inc. has a one year low of $404.20 and a one year high of $597.81.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.05. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.Lennox International’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.82 earnings per share. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Sell-side analysts anticipate that Lennox International, Inc. will post 23.69 earnings per share for the current year.

Wall Street Analyst Weigh In

LII has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price objective on Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a report on Thursday, July 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. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Vertical Research raised shares of Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $546.58.

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.