Bank of New York Mellon Corp Sells 35,628 Shares of Lennox International, Inc. $LII

Bank of New York Mellon Corp trimmed its position in shares of Lennox International, Inc. (NYSE:LII) by 15.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,703 shares of the construction company’s stock after selling 35,628 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of Lennox International worth $108,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LII. AdvisorShares Investments LLC bought a new stake in Lennox International in the second quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Lennox International by 175.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company’s stock valued at $46,000 after buying an additional 51 shares in the last quarter. Whittier Trust Co. raised its position in shares of Lennox International by 125.0% during the 2nd quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock valued at $46,000 after buying an additional 45 shares in the last quarter. Steph & Co. bought a new position in shares of Lennox International in the 2nd quarter valued at about $80,000. Finally, Arkadios Wealth Advisors purchased a new position in Lennox International in the second quarter worth about $242,000. 67.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 300 shares of Lennox International stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $591.86, for a total transaction of $177,558.00. Following the completion of the sale, the chief accounting officer directly owned 1,282 shares of the company’s stock, valued at $758,764.52. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.73% of the stock is owned by insiders.

Lennox International Stock Up 0.1%

Shares of LII opened at $491.55 on Friday. The firm has a market capitalization of $17.24 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.89 and a beta of 1.10. Lennox International, Inc. has a 12-month low of $479.40 and a 12-month high of $689.44. The firm has a fifty day moving average price of $529.97 and a 200-day moving average price of $563.49. The company has a current ratio of 1.68, a quick ratio of 0.80 and a debt-to-equity ratio of 0.78.

Lennox International (NYSE:LII) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $6.98 earnings per share for the quarter, beating analysts’ consensus estimates of $6.69 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.54 billion. Lennox International had a net margin of 15.74% and a return on equity of 91.96%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $6.68 EPS. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. Equities research analysts expect that Lennox International, Inc. will post 22.94 earnings per share for the current year.

Lennox International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.20 annualized dividend and a yield of 1.1%. Lennox International’s dividend payout ratio is 21.95%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Oppenheimer dropped their target price on Lennox International from $730.00 to $675.00 and set an “outperform” rating for the company in a report on Wednesday, September 17th. Morgan Stanley dropped their price objective on shares of Lennox International from $535.00 to $475.00 and set an “underweight” rating for the company in a research note on Thursday, October 23rd. Barclays cut their price objective on shares of Lennox International from $730.00 to $700.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Robert W. Baird raised their target price on shares of Lennox International from $600.00 to $668.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada cut their price target on shares of Lennox International from $598.00 to $555.00 and set a “sector perform” rating on the stock in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $600.17.

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.