Tidal Investments LLC cut its stake in Lennox International, Inc. (NYSE:LII – Free Report) by 24.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,667 shares of the construction company’s stock after selling 1,859 shares during the period. Tidal Investments LLC’s holdings in Lennox International were worth $3,247,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of LII. Beacon Pointe Advisors LLC bought a new stake in Lennox International in the second quarter valued at $239,217,000. Jefferies Financial Group Inc. acquired a new stake in shares of Lennox International in the 2nd quarter valued at $3,644,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lennox International in the 2nd quarter worth about $10,596,000. Capstone Investment Advisors LLC bought a new stake in shares of Lennox International in the 2nd quarter worth about $2,991,000. Finally, Legal & General Group Plc acquired a new stake in shares of Lennox International during the 2nd quarter worth about $54,927,000. Institutional investors own 67.07% of the company’s stock.
Wall Street Analyst Weigh In
LII has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price target on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group cut their target price on shares of Lennox International from $625.00 to $547.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered Lennox International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $609.00 to $444.00 in a research report on Monday. Morgan Stanley dropped their price target on Lennox International from $450.00 to $375.00 and set an “underweight” rating for the company in a report on Thursday, September 3rd. Finally, Weiss Ratings downgraded Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $532.92.
Lennox International Stock Up 0.1%
NYSE:LII opened at $366.37 on Tuesday. Lennox International, Inc. has a 12-month low of $350.22 and a 12-month high of $587.27. The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $12.66 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.45 and a beta of 1.18. The stock’s fifty day simple moving average is $449.83 and its 200-day simple moving average is $487.67.
Lennox International (NYSE:LII – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, beating analysts’ consensus estimates of $7.67 by $0.05. Lennox International had a return on equity of 66.42% and a net margin of 14.61%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted $7.82 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. Equities research analysts expect that Lennox International, Inc. will post 23.56 earnings per share for the current year.
About Lennox International
Lennox International Inc (NYSE:LII) designs, manufactures and markets heating, ventilation, air conditioning and refrigeration products. Its offerings include residential furnaces, air conditioners, heat pumps, indoor air-quality systems, thermostats and related controls, as well as commercial heating and cooling equipment and refrigeration solutions.
The company serves residential and commercial customers through a network of independent dealers, distributors, contractors and other channel partners.
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