Bank of New York Mellon Corp Boosts Stock Position in Lennox International, Inc. $LII

Bank of New York Mellon Corp raised its holdings in Lennox International, Inc. (NYSE:LII) by 10.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 203,539 shares of the construction company’s stock after buying an additional 18,901 shares during the period. Bank of New York Mellon Corp’s holdings in Lennox International were worth $98,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in shares of Lennox International by 296.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock valued at $41,168,000 after acquiring an additional 53,679 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Lennox International during the third quarter worth approximately $20,847,000. Danske Bank A S purchased a new stake in shares of Lennox International during the 3rd quarter worth approximately $7,249,000. Lazard Asset Management LLC lifted its position in shares of Lennox International by 111.1% during the 2nd quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock worth $10,696,000 after buying an additional 9,818 shares during the last quarter. Finally, Chilton Investment Co. Inc. acquired a new position in shares of Lennox International in the 3rd quarter valued at $4,151,000. 67.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Chris Kosel sold 971 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $544.80, for a total transaction of $529,000.80. Following the completion of the sale, the chief accounting officer owned 1,090 shares in the company, valued at $593,832. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 9.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LII. Oppenheimer increased their target price on shares of Lennox International from $630.00 to $645.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Royal Bank Of Canada upped their price objective on shares of Lennox International from $485.00 to $579.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. BNP Paribas Exane started coverage on Lennox International in a report on Tuesday, April 14th. They set a “neutral” rating and a $535.00 price objective on the stock. Wall Street Zen upgraded Lennox International from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Vertical Research raised Lennox International from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $575.46.

Lennox International Stock Down 0.0%

Shares of NYSE:LII opened at $508.37 on Monday. Lennox International, Inc. has a 1-year low of $434.06 and a 1-year high of $689.44. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.57 and a quick ratio of 0.64. The stock has a market cap of $17.69 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.94 and a beta of 1.18. The firm has a fifty day moving average price of $493.75 and a 200 day moving average price of $504.17.

Lennox International (NYSE:LII) last announced its earnings results on Wednesday, April 29th. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.19. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Lennox International had a net margin of 14.89% and a return on equity of 73.27%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.63 earnings per share. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. Sell-side analysts predict that Lennox International, Inc. will post 24.35 EPS for the current 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 issued a $1.36 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. 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%. Lennox International’s dividend payout ratio is presently 24.48%.

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.