Lennox International (NYSE:LII – Free Report) had its target price reduced by Morgan Stanley from $450.00 to $375.00 in a report released on Thursday,Benzinga reports. They currently have an underweight rating on the construction company’s stock.
LII has been the subject of a number of other reports. Royal Bank Of Canada dropped their price objective on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group reduced their target price on Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Weiss Ratings downgraded Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, William Blair reissued an “outperform” rating on shares of Lennox International in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $540.33.
Check Out Our Latest Stock Report on LII
Lennox International Trading Up 1.1%
Lennox International (NYSE:LII – Get Free Report) last posted its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating the consensus estimate of $7.67 by $0.05. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm posted $7.82 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, analysts forecast that Lennox International will post 23.56 earnings per share for the current fiscal year.
Institutional Trading of Lennox International
Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in Lennox International by 49,193.3% in the 2nd quarter. California State Teachers Retirement System now owns 20,842,202 shares of the construction company’s stock worth $11,941,540,000 after acquiring an additional 20,799,920 shares during the period. BlackRock Inc. purchased a new position in shares of Lennox International during the 2nd quarter worth $1,704,846,000. Beacon Pointe Advisors LLC purchased a new position in shares of Lennox International during the 2nd quarter worth $239,217,000. Bank of America Corp DE acquired a new stake in shares of Lennox International during the second quarter worth $196,075,000. Finally, Deutsche Bank AG acquired a new stake in shares of Lennox International during the second quarter worth $159,181,000. Institutional investors and hedge funds own 67.07% of the company’s stock.
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.
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