Hsbc Holdings PLC Buys New Stake in Lennox International, Inc. $LII

Hsbc Holdings PLC bought a new stake in Lennox International, Inc. (NYSE:LII) in the 2nd quarter, HoldingsChannel reports. The fund bought 66,672 shares of the construction company’s stock, valued at approximately $38,210,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LII. N.E.W. Advisory Services LLC acquired a new stake in Lennox International in the second quarter worth about $37,000. Root Financial Partners LLC raised its position in shares of Lennox International by 137.9% in the 1st quarter. Root Financial Partners LLC now owns 69 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Huntington National Bank raised its position in shares of Lennox International by 51.8% in the 4th quarter. Huntington National Bank now owns 85 shares of the construction company’s stock valued at $41,000 after purchasing an additional 29 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Lennox International in the 2nd quarter worth approximately $50,000. Finally, MUFG Securities EMEA plc purchased a new stake in Lennox International during the 2nd quarter worth approximately $54,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LII has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Barclays dropped their price objective on shares of Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. The Goldman Sachs Group cut their target price on Lennox International from $625.00 to $547.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Royal Bank Of Canada reduced their target price on 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. Finally, Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Lennox International has an average rating of “Hold” and an average target price of $546.58.

Lennox International Price Performance

Shares of NYSE:LII opened at $391.81 on Friday. Lennox International, Inc. has a twelve month low of $387.45 and a twelve month high of $587.27. The company’s 50 day moving average is $492.67 and its 200 day moving average is $502.56. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 0.89. The company has a market cap of $13.54 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19.

Lennox International (NYSE:LII) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.67 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. Lennox International’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. On average, sell-side analysts forecast that Lennox International, Inc. will post 23.69 EPS for the current year.

Lennox International 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.