Commerce Bank Purchases New Position in Lennox International, Inc. $LII

Commerce Bank acquired a new position in shares of Lennox International, Inc. (NYSE:LII) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,314 shares of the construction company’s stock, valued at approximately $753,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LII. BlackRock Inc. acquired a new position in Lennox International in the second quarter worth $1,704,846,000. Deutsche Bank AG acquired a new stake in shares of Lennox International in the second quarter valued at $159,181,000. Bank of New York Mellon Corp acquired a new stake in shares of Lennox International in the second quarter valued at $109,955,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Lennox International in the second quarter valued at about $44,075,000. Finally, Ameriprise Financial Inc. lifted its position in Lennox International by 296.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,815 shares of the construction company’s stock worth $41,168,000 after buying an additional 53,679 shares in the last quarter. 67.07% of the stock is owned by institutional investors.

Lennox International Price Performance

Shares of LII stock opened at $394.49 on Thursday. Lennox International, Inc. has a 52-week low of $387.45 and a 52-week high of $587.27. The stock has a market cap of $13.63 billion, a PE ratio of 17.83, a PEG ratio of 1.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.77 and a current ratio of 1.57. The firm’s 50 day moving average price is $495.50 and its two-hundred day moving average price is $503.53.

Lennox International (NYSE:LII) last issued its earnings results on Wednesday, July 29th. The construction company reported $7.72 EPS for the quarter, beating the consensus estimate of $7.67 by $0.05. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Lennox International had a net margin of 14.61% and a return on equity of 66.42%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.82 EPS. Lennox International has set its FY 2026 guidance at 23.000-24.000 EPS. As a group, analysts forecast that Lennox International, Inc. will post 23.69 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Lennox International from $579.00 to $469.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. William Blair restated an “outperform” rating on shares of Lennox International in a research report on Wednesday, July 29th. Barclays reduced their price objective on Lennox International from $600.00 to $597.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Vertical Research upgraded Lennox International from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lifted 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. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $546.58.

About Lennox International

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.