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

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Lennox International, Inc. (NYSE:LII) by 65.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,864 shares of the construction company’s stock after selling 11,204 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Lennox International were worth $3,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in shares of Lennox International by 8.9% in the 1st quarter. Farther Finance Advisors LLC now owns 576 shares of the construction company’s stock valued at $325,000 after acquiring an additional 47 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lennox International by 24.0% in the 1st quarter. GAMMA Investing LLC now owns 636 shares of the construction company’s stock worth $357,000 after buying an additional 123 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Lennox International by 227.4% during the 4th quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company’s stock valued at $46,398,000 after buying an additional 52,888 shares in the last quarter. Achmea Investment Management B.V. lifted its holdings in shares of Lennox International by 22.4% during the 1st quarter. Achmea Investment Management B.V. now owns 91,338 shares of the construction company’s stock worth $51,225,000 after acquiring an additional 16,711 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Lennox International by 1.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 62,815 shares of the construction company’s stock worth $35,229,000 after acquiring an additional 1,158 shares in the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on LII. UBS Group raised their price target on Lennox International from $570.00 to $676.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley reduced their price objective on Lennox International from $585.00 to $450.00 and set an “underweight” rating on the stock in a research report on Thursday, April 24th. Robert W. Baird boosted their target price on Lennox International from $600.00 to $668.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Royal Bank Of Canada upped their target price on Lennox International from $580.00 to $582.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of Lennox International from $619.00 to $691.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lennox International currently has an average rating of “Hold” and a consensus price target of $635.33.

Insider Buying and Selling at Lennox International

In related news, EVP Daniel M. Sessa sold 2,782 shares of the firm’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 sale, the executive vice president directly owned 31,574 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.73% of the company’s stock.

Lennox International Stock Performance

Shares of LII stock opened at $589.6970 on Thursday. The company has a market capitalization of $20.71 billion, a P/E ratio of 25.21, a PEG ratio of 1.97 and a beta of 1.10. 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 debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. The stock has a 50 day moving average price of $595.46 and a two-hundred day moving average price of $581.35.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, topping the consensus estimate of $6.90 by $0.92. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $6.83 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current year.

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

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.