Baird Financial Group Inc. Cuts Position in Lennox International, Inc. $LII

Baird Financial Group Inc. lowered its position in Lennox International, Inc. (NYSE:LII) by 12.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,627 shares of the construction company’s stock after selling 10,968 shares during the quarter. Baird Financial Group Inc.’s holdings in Lennox International were worth $46,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC purchased a new stake in shares of Lennox International in the 2nd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Lennox International by 175.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 80 shares of the construction company’s stock worth $46,000 after purchasing an additional 51 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Lennox International by 125.0% during the second quarter. Whittier Trust Co. now owns 81 shares of the construction company’s stock worth $46,000 after purchasing an additional 45 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Lennox International by 52.9% during the second quarter. First Horizon Advisors Inc. now owns 107 shares of the construction company’s stock worth $61,000 after purchasing an additional 37 shares in the last quarter. Finally, Steph & Co. purchased a new position in Lennox International in the second quarter valued at $80,000. Institutional investors and hedge funds own 67.07% of the company’s stock.

Lennox International Price Performance

Shares of NYSE:LII opened at $504.87 on Friday. The company has a 50-day simple moving average of $503.20 and a 200-day simple moving average of $552.39. Lennox International, Inc. has a one year low of $443.19 and a one year high of $689.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.80 and a current ratio of 1.68. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.94 and a beta of 1.16.

Lennox International (NYSE:LII) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $6.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.69 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.54 billion. Lennox International had a return on equity of 91.96% and a net margin of 15.74%.The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $6.68 earnings per share. Lennox International has set its FY 2025 guidance at 22.750-23.250 EPS. On average, analysts predict that Lennox International, Inc. will post 22.94 EPS for the current year.

Lennox International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.0%. Lennox International’s payout ratio is presently 21.95%.

Analysts Set New Price Targets

LII has been the subject of a number of recent analyst reports. Wolfe Research raised Lennox International from an “underperform” rating to a “peer perform” rating in a report on Thursday, November 13th. Morgan Stanley cut their target price on Lennox International from $535.00 to $475.00 and set an “underweight” rating on the stock in a research report on Thursday, October 23rd. Royal Bank Of Canada decreased their target price on Lennox International from $598.00 to $555.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. UBS Group dropped their price target on shares of Lennox International from $610.00 to $560.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Finally, Wells Fargo & Company cut their price objective on shares of Lennox International from $545.00 to $525.00 and set an “equal weight” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lennox International has a consensus rating of “Hold” and a consensus price target of $598.50.

Insider Activity at Lennox International

In related news, Director Todd J. Teske sold 600 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $491.85, for a total transaction of $295,110.00. Following the completion of the sale, the director directly owned 7,581 shares of the company’s stock, valued at $3,728,714.85. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.73% of the stock is owned by company insiders.

Lennox International Company Profile

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.