Lennox International, Inc. $LII Stock: QV Investors Inc. Boosts Stake

QV Investors Inc. raised its stake in shares of Lennox International, Inc. (NYSE:LII) by 84.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,424 shares of the construction company’s stock after buying an additional 16,700 shares during the quarter. QV Investors Inc.’s holdings in Lennox International were worth $12,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LII. Novem Group lifted its holdings in shares of Lennox International by 4.1% in the third quarter. Novem Group now owns 2,261 shares of the construction company’s stock worth $803,000 after buying an additional 90 shares in the last quarter. IFP Advisors Inc grew its stake in Lennox International by 75.2% during the third quarter. IFP Advisors Inc now owns 594 shares of the construction company’s stock valued at $211,000 after acquiring an additional 255 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Lennox International by 61.6% during the third quarter. Vontobel Holding Ltd. now owns 934 shares of the construction company’s stock valued at $332,000 after acquiring an additional 356 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Lennox International by 22.1% during the third quarter. V Square Quantitative Management LLC now owns 1,587 shares of the construction company’s stock valued at $563,000 after acquiring an additional 287 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Lennox International by 21.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,668 shares of the construction company’s stock valued at $947,000 after acquiring an additional 479 shares during the last quarter. Institutional investors own 67.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Lennox International from $375.00 to $350.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. Oppenheimer dropped their price objective on shares of Lennox International from $575.00 to $548.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lowered Lennox International from a “buy” rating to a “hold” rating and cut their price objective for the company from $609.00 to $444.00 in a research report on Monday, September 14th. Weiss Ratings cut Lennox International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group downgraded Lennox International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $547.00 to $390.00 in a research report on Wednesday, October 14th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Lennox International currently has a consensus rating of “Hold” and a consensus target price of $483.46.

Lennox International Stock Up 2.2%

Shares of LII opened at $363.62 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 0.77. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. Lennox International, Inc. has a 1 year low of $340.32 and a 1 year high of $587.27. The business’s 50 day simple moving average is $376.74 and its 200-day simple moving average is $462.64.

Lennox International (NYSE:LII) last posted its earnings results on Wednesday, July 29th. The construction company reported $7.72 earnings per share for the quarter, beating 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 analyst estimates of $1.56 billion. During the same period last year, the firm posted $7.82 earnings per share. Lennox International’s revenue for the quarter 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 expect that Lennox International, Inc. will post 23.27 earnings per share for the current fiscal year.

Lennox International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $5.44 dividend on an annualized basis and a yield of 1.5%. Lennox International’s dividend payout ratio is presently 24.59%.

Lennox International Company Profile

Lennox International Inc is a heating, ventilation, air conditioning and refrigeration company headquartered in Richardson, Texas. Founded in 1895 by Dave Lennox, the company develops and markets products designed to provide climate control and improve indoor air quality in residential and commercial buildings.

Its product portfolio includes air conditioners, heat pumps, furnaces, air handlers, thermostats, indoor air-quality equipment and related controls. Lennox also provides commercial heating and cooling systems, replacement components, installation support and other services through distributors, dealers and contractors.

Lennox primarily serves customers in the United States and Canada, with products and services also marketed in selected international markets.