Applied Finance Capital Management LLC Purchases Shares of 887 Lennox International, Inc. $LII

Applied Finance Capital Management LLC acquired a new stake in Lennox International, Inc. (NYSE:LII) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 887 shares of the construction company’s stock, valued at approximately $508,000.

A number of other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System raised its position in shares of Lennox International by 0.3% in the second quarter. New York State Teachers Retirement System now owns 31,831 shares of the construction company’s stock valued at $18,247,000 after buying an additional 101 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Lennox International by 1.9% in the second quarter. KLP Kapitalforvaltning AS now owns 10,600 shares of the construction company’s stock valued at $6,088,000 after buying an additional 200 shares during the last quarter. Regency Capital Management Inc. DE acquired a new position in shares of Lennox International in the second quarter valued at approximately $2,723,000. Carolina Wealth Advisors LLC raised its position in shares of Lennox International by 32.4% in the second quarter. Carolina Wealth Advisors LLC now owns 1,820 shares of the construction company’s stock valued at $1,043,000 after buying an additional 445 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. raised its position in shares of Lennox International by 1.4% in the second quarter. Tilia Fiduciary Partners Inc. now owns 4,563 shares of the construction company’s stock valued at $2,616,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

Analyst Ratings Changes

LII has been the subject of a number of analyst reports. Barclays cut their price objective on shares of Lennox International from $753.00 to $730.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. Wells Fargo & Company raised shares of Lennox International from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $675.00 to $575.00 in a research report on Monday, October 6th. Oppenheimer dropped their price target on shares of Lennox International from $730.00 to $675.00 and set an “outperform” rating for the company in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lennox International in a research report on Wednesday, October 8th. Finally, Mizuho dropped their price target on shares of Lennox International from $650.00 to $565.00 and set a “neutral” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $606.00.

Lennox International Price Performance

Lennox International stock opened at $523.87 on Friday. Lennox International, Inc. has a 52-week low of $500.10 and a 52-week high of $689.44. The firm has a fifty day moving average of $554.77 and a 200-day moving average of $568.02. The firm has a market capitalization of $18.40 billion, a P/E ratio of 22.40, a PEG ratio of 1.88 and a beta of 1.10. The company has a quick ratio of 0.71, a current ratio of 1.41 and a debt-to-equity ratio of 0.93.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $7.82 earnings per share (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 during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $6.83 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. As a group, analysts predict that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.30 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.0%. Lennox International’s dividend payout ratio is 22.23%.

Insider Buying and Selling at Lennox International

In other Lennox International news, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the transaction, the executive vice president directly owned 31,574 shares in the company, valued at $21,155,842.96. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Chris Kosel sold 300 shares of the firm’s 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 transaction, the chief accounting officer directly owned 1,282 shares of the company’s stock, valued at approximately $758,764.52. This represents a 18.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.73% of the stock is currently owned by corporate insiders.

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.