Korea Investment CORP Invests $1.83 Million in Lennox International, Inc. $LII

Korea Investment CORP acquired a new stake in Lennox International, Inc. (NYSE:LII) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,187 shares of the construction company’s stock, valued at approximately $1,826,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Callan Family Office LLC acquired a new position in Lennox International in the second quarter valued at approximately $2,192,000. Keebeck Wealth Management acquired a new stake in Lennox International during the second quarter worth approximately $1,632,000. Allworth Financial LP purchased a new stake in shares of Lennox International during the 2nd quarter worth approximately $91,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Lennox International during the 2nd quarter worth approximately $6,928,000. Finally, Advisors Capital Management LLC acquired a new position in shares of Lennox International in the 2nd quarter valued at $504,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Stock Performance

Shares of Lennox International stock opened at $399.30 on Tuesday. The firm’s fifty day simple moving average is $500.71 and its 200-day simple moving average is $505.42. Lennox International, Inc. has a 12 month low of $394.80 and a 12 month high of $590.99. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the business earned $7.82 EPS. Lennox International’s quarterly revenue was up 3.0% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, equities analysts forecast that Lennox International, Inc. will post 23.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on LII. William Blair reaffirmed an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Vertical Research raised Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a report on Thursday, April 30th. Barclays cut their target price on Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their target price on Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $546.58.

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.