Bank of New York Mellon Corp Sells 1,912 Shares of Lennox International, Inc. $LII

Bank of New York Mellon Corp reduced its position in shares of Lennox International, Inc. (NYSE:LII) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,627 shares of the construction company’s stock after selling 1,912 shares during the period. Bank of New York Mellon Corp’s holdings in Lennox International were worth $93,581,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in 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 buying an additional 53,679 shares during the last quarter. Campbell Newman Asset Management Inc. bought a new position in shares of Lennox International during the 1st quarter worth approximately $17,555,000. SG Americas Securities LLC grew its stake in shares of Lennox International by 78.0% during the 1st quarter. SG Americas Securities LLC now owns 56,797 shares of the construction company’s stock worth $26,361,000 after acquiring an additional 24,893 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Lennox International in the third quarter valued at approximately $7,249,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Lennox International by 111.1% in the second quarter. Lazard Asset Management LLC now owns 18,659 shares of the construction company’s stock valued at $10,696,000 after purchasing an additional 9,818 shares during the last quarter. 67.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LII. Royal Bank Of Canada boosted their price objective on shares of Lennox International from $485.00 to $579.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Barclays decreased their target price on shares of Lennox International from $600.00 to $597.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Vertical Research upgraded shares of 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. Weiss Ratings raised shares of Lennox International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Finally, BNP Paribas Exane began coverage on shares of Lennox International in a research note on Tuesday, April 14th. They set a “neutral” rating and a $535.00 price objective for the company. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $556.55.

Insiders Place Their Bets

In other Lennox International news, CAO Chris Kosel sold 971 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $593,832. This trade represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.80% of the company’s stock.

Lennox International Trading Down 1.8%

Lennox International stock opened at $533.93 on Tuesday. The stock has a 50-day simple moving average of $527.59 and a 200 day simple moving average of $515.78. The stock has a market capitalization of $18.58 billion, a P/E ratio of 24.03, a PEG ratio of 2.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 1.57. Lennox International, Inc. has a 52 week low of $434.06 and a 52 week high of $689.44.

Lennox International (NYSE:LII) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $3.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $3.63 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Lennox International has set its FY 2026 guidance at 23.500-25.000 EPS. Analysts expect that Lennox International, Inc. will post 24.44 earnings per share for the current year.

Lennox International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Lennox International’s previous quarterly dividend of $1.30. Lennox International’s payout ratio is presently 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.