Campbell Newman Asset Management Inc. Makes New $17.55 Million Investment in Lennox International, Inc. $LII

Campbell Newman Asset Management Inc. acquired a new position in shares of Lennox International, Inc. (NYSE:LII) in the 1st quarter, HoldingsChannel reports. The firm acquired 37,824 shares of the construction company’s stock, valued at approximately $17,555,000. Lennox International makes up approximately 1.4% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 29th largest position.

A number of other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System grew its position in Lennox International by 6.1% during the 2nd quarter. California State Teachers Retirement System now owns 48,533 shares of the construction company’s stock worth $27,821,000 after acquiring an additional 2,785 shares during the last quarter. 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 purchasing an additional 53,679 shares during the last quarter. Lazard Asset Management LLC raised its position in Lennox International by 111.1% in the 2nd 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. State of Tennessee Department of Treasury boosted its stake in Lennox International by 75.2% in the second quarter. State of Tennessee Department of Treasury now owns 7,082 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 3,039 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Lennox International in the second quarter worth $54,000. Institutional investors own 67.07% of the company’s stock.

Insider Buying and Selling

In other Lennox International news, CAO Chris Kosel sold 971 shares of Lennox International stock in a transaction on Wednesday, May 6th. The shares were 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 approximately $593,832. The trade was a 47.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.80% of the company’s stock.

Lennox International Stock Performance

Shares of NYSE:LII opened at $533.27 on Monday. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.94. Lennox International, Inc. has a 1-year low of $434.06 and a 1-year high of $689.44. The stock has a market capitalization of $18.56 billion, a P/E ratio of 24.00, a P/E/G ratio of 2.04 and a beta of 1.18. The business has a 50-day moving average price of $507.13 and a two-hundred day moving average price of $507.50.

Lennox International (NYSE:LII) last issued its earnings results 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 net margin of 14.89% and a return on equity of 73.27%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $3.63 EPS. The company’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. Equities analysts predict that Lennox International, Inc. will post 24.35 earnings per share for the current year.

Lennox International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $1.36 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is a boost from Lennox International’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 1.0%. Lennox International’s payout ratio is 23.40%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LII shares. Wells Fargo & Company raised their target price on Lennox International from $480.00 to $555.00 and gave the company an “equal weight” rating in a research note 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 report on Thursday, April 30th. Oppenheimer increased their price objective on shares of Lennox International from $630.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Royal Bank Of Canada increased their price objective on shares of Lennox International from $485.00 to $579.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, BNP Paribas Exane assumed coverage on shares of Lennox International in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $535.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lennox International currently has an average rating of “Hold” and a consensus target price of $575.46.

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.