BNP Paribas Financial Markets Reduces Position in Lennox International, Inc. $LII

BNP Paribas Financial Markets lessened its stake in shares of Lennox International, Inc. (NYSE:LII) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,750 shares of the construction company’s stock after selling 3,016 shares during the quarter. BNP Paribas Financial Markets’ holdings in Lennox International were worth $31,441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in Lennox International by 296.0% in the second quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after acquiring an additional 53,679 shares during the period. Tudor Investment Corp ET AL purchased a new stake in Lennox International in the third quarter worth $20,847,000. Danske Bank A S purchased a new stake in Lennox International in the third quarter worth $7,249,000. Lazard Asset Management LLC lifted its stake in Lennox International by 111.1% in the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock worth $10,696,000 after acquiring an additional 9,818 shares during the period. Finally, Chilton Investment Co. Inc. purchased a new position in shares of Lennox International during the 3rd quarter worth approximately $4,151,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Insider Activity at Lennox International

In other news, CAO Chris Kosel sold 971 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $544.80, for a total value of $529,000.80. Following the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at approximately $593,832. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LII shares. William Blair reiterated an “outperform” rating on shares of Lennox International in a report on Thursday, March 5th. Oppenheimer upped their price target on Lennox International from $630.00 to $645.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. BNP Paribas Exane started coverage on Lennox International in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $535.00 price target on the stock. Vertical Research raised Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Company upped their price target on Lennox International from $480.00 to $555.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $575.46.

Lennox International Price Performance

Shares of LII stock opened at $517.87 on Friday. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 1.97 and a beta of 1.18. The business’s fifty day moving average is $493.20 and its 200 day moving average is $503.83. Lennox International, Inc. has a twelve month low of $434.06 and a twelve month high of $689.44. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.94.

Lennox International (NYSE:LII) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.19. Lennox International had a return on equity of 73.27% and a net margin of 14.89%.The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm earned $3.63 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. Research analysts expect that Lennox International, Inc. will post 24.35 EPS for the current fiscal year.

Lennox International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $1.36 dividend. This is an increase from Lennox International’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Lennox International’s payout ratio is currently 24.48%.

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.